Dollar

The U.S. Dollar Index broke out of a resistance point this week.  I pointed out in a previous post about the Daily setting up a 3d criteria, after which time price rolled over but found support at $79.

The weekly chart (below) is interesting.  After the previous few months of selling pressure price managed to hold a higher low while momentum registered quite a strong negative reading.  This sort of reverse divergence can sometimes lead to a "slingshot" in price.

I'm still liking this Quarterly chart of the U.S. Dollar Index, as I'm in the camp that this could be a very long-term falling wedge.

Working with the above Quarterly chart I'll add a cloned trendline to give some perspective of how price has worked mostly within this channel for the majority of its life cycle

Finally, I'd like to add the 3/10macd to this quarterly chart to highlight the 3d criteria setting up on this chart while price is showing an inverse Head & Shoulders pattern.

Should be interesting going forward.