Investorstoday

Thursday, May 24, 2012

US Dollar Technical Analysis, May 23, 2012








The US Dollar has been on a rally since the second quarter of last year  but stalled out at the beginning of 2012 when it touched significant resistance close to the 82 level.  Since the beginning of the year the index has rattled forming an ascending triangle which appears ready for resolution with a target price of between 88 and 89. 

The test of support in April should not be looked at as breaking the pattern.  If one looks at the descending trendline there were a number of false breakouts until the breakout last fall. 

If last year is any indication the breakout above 82 should be rough and trying for investors but eventually break higher based on problems emanating from Europe. 









First Quarter Update is Now Available!!!!

The first quarter update is now available through Smashwords, the world’s largest independent ebook distributor for just $4.99, by clicking here.  In this update I take a look at the political climate and how it will affect investing over the next quarter as elections in Greece and France take center stage with the national election ramping up in the United States. 

The contents are as follows:

Chapter 1:  Where do we go from here?
Chapter 2:  Election Risk is Rising in Europe
Chapter 3:  An Early Look at the 2012 Elections
Chapter 4:  What happens for the next three months?
Chapter 5:  Three Long Ideas Update
Chapter 6:  Finale

The next update will be in early July covering gold and silver and putting some meat into my call for $2800 gold and $75 silver next year. 

Smartwords distributes to Apple, Barnes & Noble, Sony, Kobo, Diesel, and others along with instructions on downloading to your Kindle meaning that this and future work will be available in multiple formats from mobi to ebook to pdf. 

If you wish to place a banner ad and help distribute the 2012 Investment Forecast and future works I am offering a 25% commission on all sales.  You can find more information here: 




Disclaimer
Communications are intended solely for informational purposes. Statements made should not be construed as an endorsement, either expressed or implied. This article and the author is not responsible for typographic errors or other inaccuracies in the content. This article may not be reproduced without credit or permission from the author. We believe the information contained herein to be accurate and reliable. However, errors may occasionally occur. Therefore, all information and materials are provided “AS IS” without any warranty of any kind. Past results are not indicative of future results.
PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS AS WELL AS THE OPPORTUNITY FOR GAIN WHEN INVESTING IN THE STOCK, BOND, AND DERIVATIVE MARKETS. WHEN CONSIDERING ANY TYPE OF INVESTMENT, INCLUDING HEDGE FUNDS, YOU SHOULD CONSIDER VARIOUS RISKS INCLUDING THE FACT THAT SOME PRODUCTS: OFTEN ENGAGE IN LEVERAGING AND OTHER SPECULATIVE INVESTMENT PRACTICES THAT MAY INCREASE THE RISK OF INVESTMENT LOSS, CAN BE ILLIQUID, ARE NOT REQUIRED TO PROVIDE PERIODIC PRICING OR VALUATION INFORMATION TO INVESTORS, MAY INVOLVE COMPLEX TAX STRUCTURES AND DELAYS IN DISTRIBUTING IMPORTANT TAX INFORMATION, ARE NOT SUBJECT TO THE SAME REGULATORY REQUIREMENTS AS MUTUAL FUNDS, OFTEN CHARGE HIGH FEES, AND IN MANY CASES THE UNDERLYING INVESTMENTS ARE NOT TRANSPARENT AND ARE KNOWN ONLY TO THE INVESTMENT MANAGER.
Before making any type of investment, one should consult with an investment professional to consider whether the investment is appropriate for the individuals risk profile. This is not intended to be investment advice or a solicitation to purchase any of the securities listed here. I will not be held liable or responsible for any losses or damages, monetary or otherwise that result from the content of this article.

No comments:

Post a Comment