Right now it looks to me like it may develop an inverse head and shoulders spanning 7 or 8 months. I don't usually pay a lot of attention to HS patterns, but this will be a big one. It's more about the lower high, or in this case higher low than anything HS related. Across multiple months it's a strong indication of impending trend change. 
Trade active
Closed the week with a hammer up through resistance. Should be strong next week. Note
Longer term I agree with fn–wujan's chart. In the short run I think we'll see a rebound for DXY. It's worked itself into a triangle that should break up. Trade active
Not sure how far this will drop, but a couple possible support levels are shown on the chart. Trading EU from the short side and waiting for a final high to add. Trade active
still looking to dive for new lows, but we may get some moves up near term, especially if the stimulus bill gets through Congress. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.