US Dollar Index Update (from 5 years ago today)

DXY, also known as the US Dollar index is tightening up around a breakout spot from a 6 year rectangular consolidation. Continued upside is very likely.

Original DXY analysis published 5 years ago today on July 1st 2017 (click to open):

Kommentar:

The 12 month candle chart suggests to me this move has a lot more to go on a much longer term basis.

Do not underestimate momentum

Kommentar:

Seeing some calls of a major top on DXY. Still too soon to make that call as it hasn't even hit next key support yet.

Uptrend still intact:

Kommentar:

First big resistance at 111.35 hit today. This is a trim spot. Could see the beginning of a cooling off period develop