Thursday, April 22, 2010

The Debts of the Spenders - Dollar Strength Correlated with the Market

Time for some technical analysis talk.

As you can see here, the US dollar has been making higher highs and higher lows on the daily chart. Additionally, the MACD and RSI have stayed above the water line. The dollar has also moved back above its 50 day MA.

Note the similarity to the S and P 500 chart.

blog comments powered by Disqus