DXY - US DOLLAR INDEX - QUARTERLY - Trends Analyzed

There are so many comments on the trend line in the US Dollar that I felt it was important to post a chart that doesn't consider the HIGHEST HIGH made in the blow-off euphoria top in 1985, but from the highest "monthly low" and highest "quarterly low" to compare too.

I also added the variety of signals that were created by trends in the US Dollar using my "Time At Mode" analysis. You can see we just came out of a 21-quarter consolidation, but we also are just a few percent away from reaching the upside target near 98.5 based on the size of the range around the last consolidation. Note that the red box was a sell signal generated by DXY that failed to reach the downside target and when time expired it set-up a rebound that we are having now.

Keep the great comments coming and let's catch some trends together.

Tim 3:16PM Sunday, January 25, 2015

Comment:

DXY reached the upper band of the forecast very quickly and is in a retest and defensive stage now after a sharp setback from the high which is setting off longer term corrections since the weekly range expanded to the downside last week. Trade from the short side for the time being and PM me or post here if you see something happen to the contrary.

12/9/2015 8:42AM