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bhowe
Sep 28, 2016 1:35 PM

USD Short

U.S. Dollar Currency IndexTVC

Description

The US Dollar (DXY here) looks to be setting up for a move lower. Longer term and shorter term AB=CD patterns point to lower prices. This should bode well for gold, silver, and other commodities.

Comment

This could break lower any day. When it does commodites like OIL, GOLD,and SILVER will move strongly higher.
Comments
bhowe
Look for the final move higher in the USD to touch the upper trend line of the forming pennant. Then the move down into the ICL.
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