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Chart of US Dollar Index and average US home price

Chart of US Dollar Index as of 19/5/08Chart of US Dollar Index as of 19/5/08

If US Dollar Index cannot hold 72, the next target is 72 - (76 - 72) = 68. Can this happen? I believe the probability is high from technical and fundamental point of view. Technically US Dollar Index is still in down trend unless it breaks off from 78 level. If you read news published in Jim Sinclair site with an open mind, you will get fundamental reasons for further depreciation of US Dollar

Chart of Average US Home PriceChart of Average US Home Price

For those who are interested in US homes, patience is required. The process of mean reversion is going on. The average price of US homes may revert to the level of 2004 or 2002.

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This entry was written by banking IT developer, posted on May 19, 2008 at 7:29 pm, filed under Currency, Technical analysis. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.