US dollar Index

Howdy Folks,

(one more for now), the DXY is still looking like a beast.

Imagine that, the USA is having inflation woes of its own - even with the de facto reserve currency.

The DXY is at 20 year high, and could be heading higher - Yes, that means US Equities could have a problem, but in a way, a strong dollar will help "control" US Inflation a bit better.

(As Remo would say, DYOR)

Take Care you Kings and Queens out there!

Hi Libero! Nice to hear from the lazy eyed cat again!

this is a good spot....its made a higher low and rsi has been making higher lows for a while...
The only issue i think and as always wdik!....... is if the fed will allow the dollar to rise?

Anyway i think we have seen the lows here but this is only going to consolidate and move sideways for a while imvho..

atb, wdik, dyor,
trendfriend

Hey Folks,

I hope you're all keeping safe and well.

(off the grid for a while due to work and academic committments, but still keeping an odd eye out!)

The Dollar Index (DXY) & the US ten year bond has been my main focus (outside indicies) for a while), and something - perhaps interesting - is happening maybe?

Happy to hear your thoughts, but I wonder if it's breaking out?

(it's got to clear 93.5 and 94.3 perhaps, but you never know).

Keep safe folks, and I hope to spend more time at CV once again soon!

EDIT: The Weekly looks interesting too - with a fully formed W pattern (and the trend line drawn remains respected!)

This will then be positive for the precious metals etc...

Dollar strength may be ending?? Possible 123 high set up?? If the trend line gets broken then a dollar correction maybe in process.


dl.dropboxusercontent.com/u/4899609/usdollar29thapril2015.png

The dollar should have some strength now.

dl.dropboxusercontent.com/u/4899609/usdindex4thapril2014.png