2020-03-20

DXY U.S. Dollar Back of Napkin Chart

This is an old chart of DXY I have. I didn't adjust anything, it's as is. Keeping on the theme of my earlier post today, what I see is an analog to the late 1990s. But what took 3 years in the late 1990s has already on its way to 6 years this time.

Note: I was wrong about this analog before. I thought this breakout would start in the 2017-2018 time frame and would be ending by late 2019 and into 2020, keeping with the prior bull cycle. If the dollar matched the prior cycle, this bull market would be terminating here or shortly hereafter. If not, something much larger is indeed underway.

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