Hard Fall for the Dollar Coming?

December 3rd, 2012

by Chris Kimble

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I have been sharing with Premium and Global Dashboard members for the past few weeks that the U.S. Dollar could be forming a "Bearish Head & Shoulders" pattern, reflected in the chart below.

Necklines until broken, come into play as support lines, which is less than 2% below current prices.

Should the neckline break to the downside, this year-long pattern would suggest a much lower U.S. Dollar is in the cards.

When it comes to portfolio construction, a break of the neckline generally implies that risk assets should do well for a while.

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