On March 29, 2023 it was noted that daily calculations indicated the US Dollar was expected to turn and trend higher. Since that date, daily Engrbytrade™ Dollar calculations continue to indicate a strong accumulation of dollars. Arrows provided in the Dollar charts shown below identify specific accumulation points. It appears an accumulation process was initiated during the 2nd quarter of 2023, and is similar to what occurred during the 2nd quarter of 2021.
Stock charts courtesy of StockCharts.com.
