Looks like a head and shoulders pattern forming. Could this be similar to what we saw in 2017?
If the Fed continues to print money whilst keeping interest rates low, it would stand to reason that the dollar could loose value against the index. Being a counter cyclical currency, as global GDP normalizes and infection rates start to stabilize at lower levels, the dollar would become less attractive as it has been over the last several years.
The question is, what will take up some of the market share from the dollar?
It will be interesting to see where it is in the next 5 years....
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
I think we are certainly running out of time to see the downside that I and many others were hoping for. Until 88 is realized I am not holding my breath! Nice chart and I hope you're right!