Here is the daily chart.
http://files.growthstockwire.com/images/Ce-23398463_5EDRZ0PCLX.png
Browse Symbol Stacks: USD: US Dollar Weely LOG.png
US Dollar Weely LOG.png
US Dollar: about to change direction? I see US Dollar as completing a long term triangle and favor there will be one more leg down to a new low. Notice we have a negative reversal in the RSI followed by a bearish divergence which often leads to a reversal as it did in 2005 (at A). IF C is exceeded then this idea is wrong. Take care. Happy Thanksgiving.
Comments
once you break you normally get a 50% retrace, so I think the USD is going much much higher. Ok, so we will get dips, but overall in the next 6 to 12 months, HIGHER prices are likely. Just my thoughts.
Here is the daily chart.
http://files.growthstockwire.com/images/Ce-23398463_5EDRZ0PCLX.png
Here is the daily chart.
http://files.growthstockwire.com/images/Ce-23398463_5EDRZ0PCLX.png
Lots more UPSIDE coming for the US Dollar that means.
http://files.growthstockwire.com/images/AH-73419858_7SL5S5UR3E.png