2 thoughts on “Positive divergence signaling approaching dollar bounce

  1. bikinianalytics Post author

    There is a similarity. And there’s still a decent chance the current dollar path will resume higher and drive an even closer similarity. I have believed there were both fundamental reasons and longer-term technical indications that suggested much higher upside ultimately. However, the 1996 bullish pattern was a little better defined and decidedly easier to read. Mr. Bernanke’s intensified dollar-bashing tactics these past several months forced a longer, deeper correction interpretation than seemed indicated a few months ago.

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