Thursday, July 15, 2010

U.S. Dollar & T-Bond Update

U.S. Dollar Index

The U.S. Dollar could be approaching a pivot point:
  • 38.2% harmonic of the 88.71-74.23 is at 83.18
  • 38.2% harmonic of the 89.62-74.23 decline of 2009 is at 83.74.
  • A 1.618 support line from the 74.23 low is currently at approximately 83.60
  • The average of the above harmonics is 83.47. Wednesday's close was 83.43

The next harmonic clusters are at 82.00-82.20 and 80.00-80.50. Currently, 81.83 is the critical Archimedes point for the US Dollar.

U.S. Treasury Bonds

All I have to say about this chart is that the geometry is amazing. Draw your own conclusions.

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