After the prolonged down trend the U.S. dollar witnessed from 2002
to 2008, the greenback entered a phase of sideways movement, clearly illustrated by the symmetrical triangle formation. Meantime, volatility
has been on the decline for more than a year, which is clear on Bollinger bands
as bands squeeze, low volatility
periods are usually followed by sharp breakouts.
I expect the U.S. dollar to breakout higher, and thus look to long the USD, looking for a new bullish trend
that may start soon and extend to the upcoming few years.
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