September 22, 2020

Market Update: September 22

USDOLLAR finally broke above the upper parallel from the Schiff fork off of the March high. The top side of this line should now provide support near 12010. The next upside level of interest is the March low at 12129. This level intersects corrective channel resistance on Wednesday.
July 30, 2020

Market Update – July 30

This is an analog that we’ve been following for several years. The mirror image of DXY price action from the February 1991 low closely matches price action from the March 2015 high. Figure out ‘why’ if you want but it continues to ‘work’ and I’m intrigued because the analog suggests consolidation through year end before the USD takes a digger in 2021. A close-up view is below.