The dollar printed its yearly and three year cycle low last May. The rally out of that low saw the dollar break above the 30 plus year declining trend line.
The dollar is at a critical juncture. Let’s take a closer look.
The dollar broke above the declining 30 year trend line in March. The dollar could be forming a monthly bull flag, gathering up energy to break higher. But what is developing in the commodity sector suggests a top is forming for the dollar. If the dollar loses this 30 year trend line that will make for a failed break out. It would not only mark the three year cycle peak, but also the 15 year super cycle peak. Which would have a domino effect on commodities and precious metals.
This is developed further in the Weekend Report.
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