CycleForecast

Dollar Index approaching a possible top

ICEUS:DX1!   Kontrak Berjangka Indeks Dollar A.S.
My yearly composite cycles on the Dollar Index points to a possible high around the 28th August - early September. I would suspect that price may even reach the 0.618% Fib retracement around the 98.000 level before a possible decline. The cycle suggests that price may trade lower until early December.

If price does make it that high and technicals point to a possible reversal, it may be time to buy some puts! It would be interesting to see how everything plays out.

Regards
RigK

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