It’s time to buy US DOLLAR ?

• Worst is over for time being.
• Positive Divergence in Weekly/Daily chart.
• 74.21 /74.31 …Kissing formation. (Now Rockbottom price)

This week the dollar put in what is known as a bullish engulfment pattern which is a reversal formation. The fact that this chart pattern formed at a significant support level helps increase the odds of a rally to take place in the weeks to come.

Here’s how I will play the dollar. If the high of this week is taken out next week, I will buy the dollar Index and probably add to some of my short positions in commodities

Two Hurdles: 76.58, crossover will take to 78. There after unexpected move will start.

Thanks and Regards

S&P Wealth Creators

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