Loading ...$USD Daily, USDU Daily
It sure looks like $USD has peaked. It may have touched its high for this cycle yesterday.
USDU seems to be getting weary as well. If it drops below the top of the “Super Candle” (29 May) it could indicate the break out gap of 14 June was an exhaustion gap. We’ll see.
If the dollar were to climb over 95, that would sure make a big head & shoulders pattern. Do you see it? November of 2017 and June of 2018 are the shoulders. It would look like the bottoming pattern GDX formed in 2015.
I’m afraid you lost me, KenS. Do you me an inverse SHS pattern – LS = Nov 2017, Head = Feb Mar Apr, RS = June 2018?
That I do see, but the dollar still would need to consolidate or correct first. In the mean time the PMs out of the pressure cooker for awhile.