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Short

US Dollar

TVC:DXY   The U.S. Dollar Index
US Dollar             looks to be recreating the pattern that started this pennant . See the candle pattern from the red box and overlay it currently in gold             . This could be how it plays out. Everything fits. Get ready to go GOLD            
Comment: Although we have a break above the trend line, and positive divergence in the TSI, I feel the cycles support a drop in the USD. I see the RSI and %R both way overbought. Its time for the US Dollar to drop. I see this a technical shake out.

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Comment: The USD cycle is getting over extended, at 40 days, thats longer than normal. The RSI and %R are both overbought. I expect a drop any day.

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Comment: US Dollar at the 1.27% FIBO point and the upper trend channel line. 47 days into the cycle, its due to plunge here.
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Comment: Measured move to the 1.27% Fibo was spot on. Now looking for the golden candle pattern to fill.
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Comment: USD playing out perfectly. Oversold right now, so we may get a bounce, but will eventually fall further.
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Comment: Dollar could be forming a Bullish Bat harmonic pattern. Can't happen soon enough

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US Dollar top is expected at $99.03.The measured move fro the last two tops will play out the same here then provide an solid drop as depicted in the gold candles.

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let's hope the NFP results later would not be as good as forecasted , and drives down further
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