US Dollar Index Jumps the Creek (17:50)
We’ve been building a base in the US Dollar Index for almost 2 years. And this week we finally “Jumped the Creek” on the weekly chart. I’ve been waiting patiently for this (and boring everyone with my bullish US Dollar view). Here’s the Emini-Watch video record:
- Bullish Dollar Index – 9 June 2011
- De-Coupling Between US Dollar & Bonds – 13 March 2012
- Next Forex Trend Leg Setting Up – 7 December 2012
- Explosive Buying Starting Uptrend – 6 January 2013
This is important. We’ve gotten used to the Pound at 1.55, the Euro at 1.35, the Yen at 80 and the Aussie and Loonie at parity. The Yen started moving 6 months ago and we’re now at 100.
Get ready for the other “normal” levels to break. This is going to be multi-year. Hold onto your hats.
US Dollar Index Building a Base for 2 Years
Good luck with your Emini trading.