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Monday, November 25, 2024

U.S. Dollar Rally: A tale of two chart patterns

Courtesy of Chris Kimble.

dollar-pic-see-it-market

This article was originally written for See It Market.

The U.S. Dollar Index has been trading in a wide consolidation pattern over the last 18 months or so.  But after the recent U.S. Dollar rally, that consolidation has formed two distinct chart patterns.

And as you may have guessed… one is bullish while the other is bearish.

us-dollar-creating-bullish-continuation-or-head-and-shoulders-topping-pattern-oct-21

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