US Dollar at Crossroads 7-2-18

TVC:DXY   U.S. Dollar Currency Index
The US Dollar is at a crossroads. It seems most likely it will complete a rounding turn and head downwards to form the beginnings of an inverse head and shoulder pattern. However, a sudden continuation upwards is always possible. In any case, dollar declines should be good for gold (which is also at a potential reversal point) and other commodities , and the Euro and other foreign currencies. Thus it is important to monitor.

To be clear, it appears the current upward trend it still intact.


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