Here is a kind of long-term view on Dollar Value. Our last forecast was in 2011 and there were a lot of bullish signs right before the smile - perfect "222" Buy and bullish DiNapoli grabber on quarterly chart. No need to say that smile has started right in time showing outstanding rally within 4 years.
Now we're coming to new Smile. According to our fundamental view the global changes in economy are started already but they should become evident in April-May. Particular at this time Dollar Index should complete long-term 87.30 target, form "222" Buy" again and then new Smile era might be started?
Currently we do not talk on upside target, but mostly on the moment where dollar could start the rally and when it could put under pressure other currencies, gold and bit later stocks as well - 87.30, April-May...
@IGH85, Hi mate. It might be, as institutional investors have brought their approach to markets as well. BTC cares no interest rates, so, when dollar start to rise, it probably will be accompanied with upward rally on interest rates as well. This, in turn, could trigger long-term pullback (2-3 years) to 20K area that we've discussed on monthly chart, as it will be more attractive to put assets in the bonds, for example.