Since the 2011 bottom, the USD turned bullish again which also matched the stock market bottoms of 2011. Stocks soared and gold-related assets started a major bear market. I believe the bull market in the USD has a long way to go, but where we are in this bullish phase is the challenge we face. The COT reports are useless due to the government shutdown but my last readings from Dec, 20th the commercial speculators were very bearish. This is a very bearish sign for the US dollar but the commercials were also very bearish on, silver, Gold, aluminum, palladium, and platinum.
During the late 2018 peak the US dollar produced a very complex pattern that may have finished on January 10 2019. During this USD decline gold gave us an impressive performance that has many convinced gold is going way above $1400.
The US dollar is on a 5 wave run in Primary degree. Take the Euro and invert it, and it would just about look like the US dollar. Only time will tell if the USD has bottomed but eventually the USD should go well above the 104 price level.