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US Dollar

With no break of the 34-dma and a cycle low due this week it is beginning to look like the bulk of the expected correction is behind us and DXY will soon begin what is expected to be the last leg of its rally prior to this September.

April looks bullish for the dollar with short-term cycles pointing to highs near both Apr. 15 and Apr. 30.

The price target of 102.00 is a minimum target derived from the six-year triangle but my price forecasting model generates a target of 103.50.

The Coppock Curve has reached the "good overbought" level confirming the March high. This implies a return to these levels or higher after a correction this spring/summer.

Coppock Curve
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