• 6 hours Wealthy Investors Have Been Fleeing Stocks Since April
  • 1 day Thorium Could Kickstart A New Nuclear Boom
  • 2 days Is A Massive Gold Rally On The Horizon?
  • 2 days Can Tesla Really Produce A $25,000 Self-Driving Electric Car?
  • 3 days Gold Miners Brace For Seasonal Downturn
  • 3 days The Silver Plunge Continues
  • 4 days 7 COVID Vaccine Stocks To Plan Upside Moves
  • 4 days Rhodium Climbs Reaches Record Highs
  • 5 days Tesla Tumbles After Battery Day Fails To Impress
  • 5 days Three Energy ETFs To Watch This Decade
  • 6 days What To Do With $2 Trillion In Suspicious Bank Transactions?
  • 7 days How The Stock Market Predicts Electoral Victory
  • 7 days Tesla's "Battery Day" Could Deal A Blow To Cobalt Miners
  • 8 days New TikTok Deal Hopes To Bypass National Security Concerns
  • 8 days Where Will Gold Go From Here?
  • 9 days COVID-19 Is Fueling A Pastic Waste Crisis
  • 9 days Gold Output Set To Decline
  • 10 days Uber And Lyft Look To Go Electric
  • 11 days COVID-19 Is Crushing Palladium Demand
  • 12 days This ‘Once-Boring’ Tech Company Is Now Super Hot
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

US Dollar Breakout

The previous Friday's expected cycle low was successful in starting a rally last week in which the US Dollar had its best week since May. DXY gained 1.89% to close at 97.99 above the June 1 high and printed an engulfing bullish candlestick on the weekly chart.

A cup-and-handle pattern has been triggered (chart) and measures a minimum rally to 101.00. A symmetrical triangle on the monthly chart (not shown) measures a minimum move to 102.00 which is the 61.8% retracement of the 2002 bear market. 102.00 is also a 127.2% retracement of the Apr/May decline (chart).


Larger Image

 


Obtain your copy of the July Lindsay Report at Seattle Technical Advisors.com.

 

Back to homepage

Leave a comment

Leave a comment