the Dollar Index as of March 13, 2016

here’s the near perfect pattern that began this monster advance in the dollar:


additionally here is a very long term chart of the USD Index:


I put my own levels on it below …


some things to note:

  • even in the midst of this monster rally – we still haven’t hit a .382 retracement from the all time high
  • the low was – almost exactly a .786 price projection
  • note the RSI – we blew thru the old resistance and note how the “log” trendline that acted as resistance was most recently support.
    • also, note the trend line connecting the highs on the RSI … believe we should/will find support in/around here and the Dollar should start a new move.

here’s where I think we are …


this one is tough … we have the ECB last week and now the FED upcoming. Believe we will see the move occur next week.  It’s almost a year since the high was made in 15.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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