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QueefPlume2112

DXY poised for a down week for in 1st week of September

Short
U.S. Dollar Index (TVC:DXY)  
QueefPlume2112  
TVC:DXY   U.S. Dollar Index
Trend Analysis Candlestick Analysis Economic Cycles
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trendanalysis candlestick economiccycle
The DXY has risen 7 consecutive weeks in a row. Only 6 other times in its history has it risen more than 7 weeks in a row. The probabilities are not on the bullish side here, although it is possible. We must prepare for a down week and possibly a continuation of the larger downtrend that started last Fall. It is possible the DXY is in the process of forming a long term secular top.
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