BBG billabong international limited

Any thoughts on the US dollar and it's impact moving forward? I...

  1. V*
    5,154 Posts.
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    Any thoughts on the US dollar and it's impact moving forward?
    I haven't crunched any numbers myself, but am still watching the dollar a fair bit.
    Noticed on Friday there was some upbeat CPI numbers which led to more analysts thinking there will be more increases coming this year.

    Personally I see them up debt creek without a paddle and with many other countries going negative rates, well, it makes me wonder just how badly Yellen wants a strong dollar.



    Now, having a look this morning, I just noticed an interesting chart pattern that I hadn't seen before
    It's a tweezer bottom, and it's textbook according to the guy who taught it to me.

    same close and opening price, same low for the day ($1.42)
    - you could nearly look at it as a double bottom.

    Another plus for the possibility of a jump up from here.
    BBG tweezer bottom.png
    Last edited by V*: 22/02/16
 
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