US Dollarmomentum

Over the last 5 Quarters we have seen the continued strength of the DXY. As we look forward with all the economic drivers we are looking for the direction that the DXY will proceed in. Inflation, interest rates and the coming austerity due in the USD should act to lift the USD over the next 5 quarters.

Today we have seen the dollar has has a issue with immediate resistance above $96.50 as this continues to be resistance we will need more substantial news to give the dollar strength possible a Fed speech or market anomaly to give a kick to get the bulls above that point.

Looking at DXY trends 630 days, 210 days and 50 days, the DXY has seen a consistent pressure though slowly on 630 days 7th/8 in strength. 210 days it is 1st out of 8 in momentum and in the 50 day time frame we are looking at a dollar that is at 3 out of 8 in momentum. We will be looking at the 50 day momentum to continue higher AT SOME POINT. unless in the 210 momentum we began to see a decline, which hasn't appeared.

Analysis of the days momentum is taken by the Quarterly, Monthly, and Weekly, ROC of the major 8 currencies.