As noted last week I'm watching the dollar for the short position trade, I'm going to put on an entry here off the daily.
Quarterly: - 10 year down trend turning into a flat market.
Monthly: - Basically a year and a half of straight down with no healthy correction to speak of. - 500 pips from 2 year average.
Weekly: - 3 pushes overshooting the original trend. Most recent swing has stepped up back into the range.
Daily: - Notice the parallel channel drawn off the most recent lower lows of this action. - Notice the failed breakout of the top side resulting in the most recent lower low followed by a step up. - Momentum swings on the most recent price action worth noting. - Notice how the top Keltner channel is well outside of the the top price trend line but well within the bottom? I suspect we might be at the turning point here.