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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (2593)	8/26/2022 4:30:05 AM
From: Bull RidaH	1 Recommendation Recommended By yard_man Read Replies (2) \| Respond to of 4446

When the USD Index was at 94 last fall, I gave this forecast with a 111.60 target unless an immediate retreat with weekly closes under 93.50 occurred (which never materialized). Message 33513089 There should be a hard sell-off once 111.60 is seen,followed likely by a rally to higher highs. The Index is moving higher now in the channel as seen below, and will probably hit the upper line just as it hits the 111.60 target of the double-bottom. A move down to the lower channel line could be expected, followed by an upside breakout of the channel to new highs. Where it breaks the channel will determine the eventual topping target, which should be a durable peak.