goodguy

Long term view of the dollar: think small bounce up likely next

INDEX:DXY   U.S. Dollar Index
Its been about a year since my last post on the dollar (first link below). It played out well if you check it. My very long term view previously posted (second link below) hasn't changed. All of this (like all predictions) are just a guess based on the pattern I see so far. The last view months of drop touched the long term down resistance line which I think likely will not provide a small amount of support with a relatively small bounce up in the dollar. Then a major fall may follow. So I think we may a some drop in gold             before a major rise when (IF) the dollar starts dropping again.
I know most of you don't care about the long term but you may find it interesting. Take care.
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