As predicted, the Dollar index is forming a bottom on the 50% fib, and the RSI(12) week is rounding upward. I am anticipating an upward move to 104.362 on the week of 2/20/23, followed be a move to 106.281 on the week of 5/1/23. Note that the trip down from the high was a lot faster than the trip up, so it will be interesting to see if these new highs have any holding power. Longer term, a possible head & shoulders could be forming, but none of that is near confirmation.
These predicted moves are in line with the long term seasonality of the dollar index.
I will be screening for possible foreign/international exposure as the dollar reaches highs.
These predicted moves are in line with the long term seasonality of the dollar index.
I will be screening for possible foreign/international exposure as the dollar reaches highs.