U.S. Dollar 35 Years of Weekly Bull wave Cycles

31 Mei 2015

A closer look at the longterm structure of the DXY can put whats going currently with the US Dollar into better perspective.

The current bull wave has more similarities to the mega trend of the 1980s' that lasted 2303 Days or approx 5 years. With each leg of those waves ranging from 400 to 800 days long with consolidations that lasted from 160 - 320 days.

Calling an end to the intermediate trend is dangerous and ill-advised at this time as it has gone into consolidation in the near term. These consolidations are where complacency begins to affect perception & sentiments which ultimately sets the stage for our next leg up or down from those areas.