There is no secret that many experts anticipate fiasco and total scam of the Dollar Index. I am no expert, but the charts have been consistent in telling their own stories despite general expectations.
This is a 15-year-period chart of the Dollar Futures. There are two distinctive Ranges with their own deviations. The price has failed to go below 88.150 and is now trading back in the range, which with high probability can result in the test of the High Value Node of the Range. It is currently at $97.260. Not sure what will serve as a catalyst for such a vicious move, but its coming in the coming months. After that we can expect a long period of consolidation in the Yellow Range which will serve as either Accumulation or Distribution with targets up at 112-The Highs Prior to 9-11-2001 Attacks, or down at High Value Node into 80.6 -post 2007 crisis Consolidation Naked Point of Control.
This is a 15-year-period chart of the Dollar Futures. There are two distinctive Ranges with their own deviations. The price has failed to go below 88.150 and is now trading back in the range, which with high probability can result in the test of the High Value Node of the Range. It is currently at $97.260. Not sure what will serve as a catalyst for such a vicious move, but its coming in the coming months. After that we can expect a long period of consolidation in the Yellow Range which will serve as either Accumulation or Distribution with targets up at 112-The Highs Prior to 9-11-2001 Attacks, or down at High Value Node into 80.6 -post 2007 crisis Consolidation Naked Point of Control.