For the second time since early December the dollar index has dropped below its 50-day moving average. The last time this happened, about a month ago, the dollar quickly reversed to continue its rally.
Will this time be different?
Here is a graph from the 5-Min. Forecast:
Disclosure: No positions.
Is the Dollar Rolling Over?
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.