There are so many comments on the trend line in the US Dollar that I felt it was important to post a chart that doesn't consider the HIGHEST HIGH made in the blow-off euphoria top in 1985, but from the highest "monthly low" and highest "quarterly low" to compare too.
I also added the variety of signals that were created by trends in the US Dollar using my "Time At Mode" analysis. You can see we just came out of a 21-quarter consolidation, but we also are just a few percent away from reaching the upside target near 98.5 based on the size of the range around the last consolidation. Note that the red box was a sell signal generated by DXY that failed to reach the downside target and when time expired it set-up a rebound that we are having now.
Keep the great comments coming and let's catch some trends together.
Tim 3:16PM Sunday, January 25, 2015