Hello Traders,
Model suggests a major decline in the US Dollar. Since 2008 the DXY chart suggests that this has been a counter trend move. Now model suggests that the overall trend of the Greenback will continue. This is a very long term view so there will be plenty of swings in between, especially in the resistance band, formerly called the consolidation zone. There will be a very choppy move that takes place at current levels and within the resistance band. From there it should be a rather smooth move down.
Model suggests a major decline in the US Dollar. Since 2008 the DXY chart suggests that this has been a counter trend move. Now model suggests that the overall trend of the Greenback will continue. This is a very long term view so there will be plenty of swings in between, especially in the resistance band, formerly called the consolidation zone. There will be a very choppy move that takes place at current levels and within the resistance band. From there it should be a rather smooth move down.