Dollar on verge of appreciating?

Friday April 13th the big news was gold falling over 5%. While the US dollar index did not have a big move, analyzing other charts it is indicative that the US dollar can be on the verge of appreciating.

GBP/USD:

EUR/USD:

Looking at GBP/USD and EUR/USD they seem to be in possible bear flags, with a breakdown possibly imminent.


USD/JPY:

The USD/JPY had recently broke its multi-month uptrend line, came back and touched the uptrend line., now looks like it can fall down from this point.

TBT:

Bonds measured by the TBT (ultra-short) recently broke its 200 day moving average came back and touched it, now looks like it can fall from this point. This means bonds will increase in value (yields go down).  


Gold:

Gold broke its multi-year support possibly entering bearish territory if it stays below. Silver held its multi-year  support line, but if gold continues to go down silver can follow.


If confluence is seen with all the things indicated above the US dollar can endure a significant appreciation. This can be bearish for equities and bullish for bonds. Fundamentally, deflation is still possible in the United States so it is something that should be watched.

Bonds continuing downtrend

Bonds measured by the TLT is down a little more than 10% since its peak in July 2012. Currently the price has been below its moving average 200 for a couple of weeks now, and seems to have just broke down from a bear flag.

TLT:

As you can see TLT has gapped down from its multi-week consolidation. This short term down trend can continue down to around $113.00.

Market paused for potential upside

For the past five trading days the markets has been trading in a narrow range. Prior to this was two large candles potentially making a bull flag. To confirm this a confirmation candle on high volume is needed.

S&P 500: