Calling The New Highs in US Dollar


In his weekend DXY report over the last three weekends in Avi's Market Alerts service, Mike Golembesky has been calling for another higher high in the U.S. Dollar Index.

As Mike wrote on July 3: "It would look better to still see at least one more higher high to finish off the wave (v) off of that May low before calling any move completed. This would potentially target the 106-108 zone overhead before finding that top in the wave (v)."

Last week the DXY pushed to new highs, reaching 107.79 on Friday before closing at 106.89.

You can read Mike's July 3 analysis here

 In addition, Avi Gilburt has provided a bigger-picture view of the U.S. Dollar, indicating he sees a multi-year pullback once the dollar completes this last leg higher.

Login to Avi's Market Alerts to view Avi's July 2 article, titled, "The Dollar Is Dead -- Long Live The Dollar."