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USD Index technical outlook: another 2-3 weeks before a bottom

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    I thought I would do a deeper dive to revisit the currencies and US Dollar again, because there are a lot of comments out in cyberspace and the general media about how things are not that bad. The US stock market is having a massive short-covering rally, which is merely a mechanical knee-jerk reaction to an oversold condition. As I mentioned last week, there is still going to be another 2-3 weeks of upside in the “other currencies”and commodities, but when a top is put in place, one will want

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