timwest

DXY - US DOLLAR INDEX - QUARTERLY - Trends Analyzed

INDEX:DXY   U.S. Dollar Index
2222 4 20
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
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Thank you Tim. A nice call. Let's see if USdollar 12040 and DXY 96 can hold. If they are broken then a move is huge. It's good for commodities but bad for stocks indexes.
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....but in the interim are we looking out for a short term sell?
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timwest PRO OluwatoyinBamidele
Yes, if we could see a meaningful correction, then it would provide a reasonable risk/reward entry on the long side for the DXY. This chart does show where we are in the bigger picture.
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Beautiful chart Tim, shows the power of your methodology.
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