US Dollar Intraday Crash Update

The US dollar bearish phase has seemed to kick in again, and is now approaching a classic downside breakout situation at the 92.500 price level.  As bearish as that may be the 90.600 price level could offer the US dollar bears another big surprise.  Ultimately, we want to see the US dollar crash below the wave 1 in Minor degree as that is just one way the wave count can get confirmed.

I have not had to change my potential “D” wave top in Primary degree at this time, so there is lots of room for the US dollar to keep moving down, for the next several years or so. Of course, those pesky counters rallies always get in the way, which many think can be the start of the next big bullish phase. Dollar bulls start to throw in the towel, only surrendering to the bears, after most counter rallies start to fail.

In the future the entire mainstream media will turn bearish towards the US dollar, and gold analysts will be urging you to buy into the gold bull market, to protect yourself against the ravages of inflation. The sad fact is, that this is far too late in the inflation cycle, when gold will do little to protect you.