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ChrisHoang

General Trading Ideas base on the USD long term (Monthly) Chart.

U.S. Dollar Index (TVC:DXY)  
ChrisHoang  
TVC:DXY   U.S. Dollar Index
Chart Patterns Trend Analysis
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chartpattern trendanalysis
Looking at the DXY Monthly time frame, it is clearly in a broadening formation contained within the Fib Grids of 0.382 - 0.5 and 0.618. This environment can last well in to next year easily. Base on this information, I would be bearish on the dollar for now until it hits the 0.382 support (may not happen until end of Sept or in Oct in my view) then I would be looking for confirmation signs to sell the GBP, the EUR the CAD and buy the Yen and the USD at least until the DXY hit the 0.5 Fib resistance.
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