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U.S. Dollar Index
Long

DXY Trend Reversal

By Alex.Singletary
Updated
Should start thinking about what positions you have in now that are dollar short themed and look to close them up. Looks like we could potentially have a rally through election period. Despite downside attempts, DXY has sustained above 95 level. Upside to 100+ can be seen

Also note where the technicals are. Key level today. Inside trendline broken.
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snapshot here we go!
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NFP BAD MAY SEE SOME PULLBACK NOW.
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New Swing high. Mark this level at EOD
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snapshot retesting yesterdays high
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DXY Still looking strong after FOMC Minutes. The rally should continue
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Extremely powerful week!
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snapshot expecting to push up farther now. Look what area is holding past few days.
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snapshot looks like its following the forecast nicely
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We have now reached the 99 level. It would not be surprising to consolidate/ small pullback here
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snapshot we may test the purple support level before the 3Q GDP reading comes in
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DXY hit 100 today. BOOM
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snapshot did we all have a good time?
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I have started to position myself for the dollar uptrend. It does seem as though we have had a "proper breakout" and DXY is headed up for some more gains soon! Heavy USD data coming in the next few days
Alex.Singletary

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