Loading ...I think the only chart to look at is the dollar chart, and see how it matches with the global economic situation, problems and related mass media news to create “adjustments”.
My view of the dollar chart? The abnormal, abrupt straight line “adjustment” in 2014 was NOT a natural market force. It was a “manual man made adjustment”. (to help Europe and Japan inflation with cheaper currencies)
Dollar way too far above the 50 dma. After the late 2015 Dec 3rd peak, the same “influences” started pushing or coaxing it lower. (to resume helping USA inflation) Note the 50 dma line around 96, is now resistance.
Bottom line I think dollar is going lower for at least a year.
Below here, closer view shows the Dec 3rd “manual” HIT which the free market ignored and continued to back to climbing. The Fed then made another manual hit in Feb which also got ignored until it finally sunk in to the traders that the Fed dollar rally was no longer wanted. Note the next hit in June. That big up-move later in June was a freak caused by Brexit. Dollar still way too high to help the US economy.