Major Breakdown In The U.S. Dollar Signals Trouble Ahead (Technical Analysis)

Money Metals Exchange
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(7min)

Summary

  • There are numerous signs that the U.S. dollar is on the cusp of a new bear market - a development that is very bullish for commodities, especially gold and silver.
  • the U.S. Dollar Index has clearly sliced through the critical 100 support level that many market analysts have been closely watching.
  • The next key support level I’m watching is 90, which would represent a 10% decline from here.
  • The Japanese yen is facing a key downtrend line against the U.S. dollar, and a breakout above it would be a strongly bullish signal for the yen - and another bearish development for the dollar.

American dollar currency symbol

Daniel Grizelj

By Jesse Colombo

There are numerous signs that the U.S. dollar is on the cusp of a new bear market - a development that is very bullish for commodities, especially gold and silver.

Last week, I published a

This article was written by

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