The US dollar index is looking more bearish at this point. For the last 8 weeks, the trading range has been confined sooner or later it will pick a direction and at this point it's looking bearish.
Primarily , I'm looking at the action between the thick blue and green lines on the weekly chart.
- The log chart below shows the price tagging the descending support line going all the way back to the early 80's.
- The arithmatic chart near the median line for the andrews pitchfork.
- it's almost at the point of tagging the ascending support from 2011 / 2014.
- Horizontal support at 88.70.
Logarithmic
Logarithmic chart DXY
Arithmatic / Linear chart
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