andrewunknown
Long

USD: Bearish Bat Buildout to 117? Here's How It Went Last Time.

ICEUSA:DX1!   U.S. Dollar Index
392 0 5
Since futures trading began on the DX             following late 1985's Plaza Accord, this trade-weighted USD measure has completed 14-year Bearish Bat (which performed quite well); and may now be in the process of building out another. The construction, ratios and consolidation bottom are all very similar, with the potential Bat's PRZ falling in line with the secular descending trend line near 116. Though forecasting time at this timeframe has more than a hint of arbitrariness about it, an approximate repetition of the 1985-2001 Bat puts DX             at the PRZ in late 2016/early 2017. Until then, assume a strong USD and an especially beleaguered EM.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out