Over the past several weeks, I have posted a few charts and analysis showing why the US Dollar Index (DXY) is headed higher.
You can read out last article on the US Dollar here.
The US Dollar Index achieved our initial target of 98 last week and now appears ready for its next leg higher to our MFU-3 target of 99.47.
We will highlight the MFU-4 target once the next target is hit.
We feel confident of the higher price objective.
Comments on both charts below.
US Dollar Chart
The Euro has also achieved our initial target of 1.117 last week. There is potential to our MFU-4 target of 1.089.
The author has positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.