• 769 days Will The ECB Continue To Hike Rates?
  • 769 days Forbes: Aramco Remains Largest Company In The Middle East
  • 771 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,171 days Could Crypto Overtake Traditional Investment?
  • 1,175 days Americans Still Quitting Jobs At Record Pace
  • 1,177 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,180 days Is The Dollar Too Strong?
  • 1,181 days Big Tech Disappoints Investors on Earnings Calls
  • 1,182 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,183 days China Is Quietly Trying To Distance Itself From Russia
  • 1,184 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,187 days Crypto Investors Won Big In 2021
  • 1,188 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,189 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,191 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,191 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,194 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,195 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,195 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,197 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Third Time's a Charm?

The US Dollar index bottomed on Monday's 21-day cycle and then rallied over 1% last week (after the previous week's big cycle convergence). In doing so it printed an engulfing bullish candlestick on the weekly chart (not shown).

DXY has formed a bullish wedge (and triggered it last week) on its daily chart below. It calls for a minimum move back to the top of the wedge near 81.40. This level has turned back advances in DXY twice since last November. Third time's a charm?

US Dollar Index ICE Continuous
Larger Image

 


Get your copy of the March Lindsay Report at SeattleTA

 

Back to homepage

Leave a comment

Leave a comment