history rhymes - dxy retracing the same pattern

U.S. Dollar Currency Index (TVC:DXY)

TVC:DXY U.S. Dollar Currency Index

trendanalysis chartpattern indicator dxy dollarindex

with almost same slanting support line on monthly in 1995-2001 , dxy / dollar index is again retracing the same pattern , as per the pattern in 1995-2001 chart we r almost resembling 1999 ..i think next 1 or 2 year more & EM will be in major bull markets .

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Comments

good catch. I agree, it's important to look for setups contrary to the herd. Everyone is short USD because of all the printing, but there is a good case to made that we should be long USD, especially given the tensions in East and South Asia.

LONG TERM DXY: USD has a couple more years.