U S Dollar Index Sideways Symmetrical Triangle

U S Dollar weekly chart, long term sideways symmetrical triangle pattern, not tipping its hand, simply moving sideways as time ticks along. The range between the rails is now 77 to 81. Two weeks ago the bottom rail was tested intraweek and price bounced back up. Now it wants to take another look at 77. Weaker dollar = stronger commodities = bullish markets, and visa versa, stronger dollar = weaker commodities = bearish markets. Watch the dollar moving inverse to China as well.

For the broad markets and indexes to roll over now, as the charts have been indicating, the dollar would have to move up, so any test of the bottom rail at 77 will be successful and will hold as support. For the market bulls to continue the broad market fun, the dollar needs to fail at 77 and collapse thru the bottom rail. The prudent choice forward is the dollar moving up towards the critical 79.56 S/R level again and this will be in concert with the broad markets selling off. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.