US Dollar Index Update (from 5 years ago today)

DXY, also known as the US Dollar index is tightening up around a breakout spot from a 6 year rectangular consolidation. Continued upside is very likely.

Original DXY analysis published 5 years ago today on July 1st 2017 (click to open):

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The 12 month candle chart suggests to me this move has a lot more to go on a much longer term basis.

Do not underestimate momentum

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Seeing some calls of a major top on DXY. Still too soon to make that call as it hasn't even hit next key support yet.

Uptrend still intact:

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First big resistance at 111.35 hit today. This is a trim spot. Could see the beginning of a cooling off period develop