$DXY Daily, Weekly, & Monthly Forecast w/Bollinger Band Analysis
See Chart for Detailed Analysis.
Synopsis-
The third week of March 2016 will see a short rise in the US Dollar.
DXY will continue decline over the following weeks and months until it has normalized withing MA range.
The tightening of BB on the Monthly chart means it will reach the lower boundary without reaching extreme lows.
The US Dollar will continue to lose value from 2016-2017 in response to a 1 year period of extreme overvaluation from 2014-2015.
Synopsis-
The third week of March 2016 will see a short rise in the US Dollar.
DXY will continue decline over the following weeks and months until it has normalized withing MA range.
The tightening of BB on the Monthly chart means it will reach the lower boundary without reaching extreme lows.
The US Dollar will continue to lose value from 2016-2017 in response to a 1 year period of extreme overvaluation from 2014-2015.