paulwoll

DXY actually crossed 1985 trendline -Syriza news may push higher

INDEX:DXY   US DOLLAR CURRENCY INDEX
195 views
3
We can certainly pullback below trendline. but there are more similarities in this chart to 1980s. IMHO. Monthly chart is not over so this week will be very telling if we do pullback. Extended QE in Europe is Dollar bullish and Euro bearish .. Is this factored in? Will see. But this chart shows can certainly go higher. Also note Dollar is well above all MAs unusual territory for it except in times of crisis even in 2008 couldn't get over it. . If get to 100 by EOM could bounce in range above down trendline. Comparisons to 2008 ( bearish below all MAs) vs now ( bullish above all MAs) and possibly breaking down tl are weak. But not altogether improbable..