Dollar Strength in Danger 7/22/2020

This is the dollar strength at the weekly view. That dollar had a small bounce right off that uptrend support (green lines). That support was from 2018. If that support fails, then the dollar strength can start plunging pretty fast. The blue lines below are the multi-year supports. Every time each support breaks, it's a pretty big fall below. The 94 region is a vital support now. If the dollar doesn't bounce soon, we will face more inflation.

If this happens, equities, gold, silver, and oil all go up. This is not due to their intrinsic value. It's due to inflation. Good for equities and commodities traders. Bad for the economy longer term.