This could be the first chart where I show that we could be in a Primary degree run already. Trying different degree levels is important as the USD could make a swan dive trashing the bottom trend line.
Turning real bearish too early doesn’t work as this choppy trend could just frustrate us to no end. The gold bulls sure would get a kick if the USD suddenly imploded, and the EURO started to soar again.
2008 was a major bottom for the US dollar and I think it’s bullish run is far from over, corrections notwithstanding.
The US dollar has very good solar cycle connections as the 2011 and 2014 lows match the two peaks of solar cycle 24. Even the 2008 USD bottom matches solar cycle 24 so it is next to impossible to say that it was just a lucky coincidental occurrence.
When solar cycle 25 arrives will it send stocks and the US dollar soaring again? All the indicators on the planet will not work if we ignore the power of the sun and its 11-12-year cycles. Talk of a recession is endless which can happen as one solar cycle ends and the next cycle starts.
From my perspective solar cycle, 25 will become the recession killer just like 2008-2009.