# Are we looking at a massive head and shoulders in the dollar?

Quick update as I don't have much time today.

Just check out the dollar chart below. 
It's looking like a head and shoulders top to me. 

![](https://cdn.steemitimages.com/DQmW2AN9gYaa7QeqH4q1PGmRdwDGB1PEbr2h4GYmU2WhJ8R/image.png)

This is a fairly long term chart so if the head and shoulders is confirmed it would result in a huge downward fall for the dollar. I never trusted this rally in the dollar and the head and shoulders top would confirm that it's been a rally based on false hopes. Fundamentally the dollar is weak and yet it keeps on rising beyond what seems reasonable. Perhaps the chart are predicting a return to reality.

As for gold and silver - they are massively oversold and the G/S ratio is now at extreme levels. 
It's difficult to make any predictions in these markets but it certainly looks like a turn is about to occur.

*For disclosure, I'm not a professional advisor and this is not investment advice, merely my own observations of the market and indexes, so do your own research.*