US Dollar to 170+ ?
IF this is a valid, bullish falling wedge, the US Dollar Index is going much, much higher. It would require a big departure from the behaviour of the last 3 cyclical downturns (at least in terms of timing). The Dollar Index currently finds itself at the same level as the last 2 TRIX crosses below zero (bearish) – close to 100. Will it behave differently this time and surge upwards instead of plunging ?
Good Chart…explains it all
Thanks NS
I’m happy to switch to Dollar bull – the charts provide clear evidence to the unbiased mind.