US Dollar: 2021 Move Upward

Charts courtesy of StockCharts.com

The US Dollar chart structure developed between June 2007 and July 2008 is similar to the chart structure developed between June 2020 and July 2021.  Results from futures trading data calculations for the US Dollar are in alignment with calculations from August 2008, indicating a rise in the US Dollar is expected during the remainder of 2021.  This rise in the US Dollar would be similar to the move upward between August 2008 and December 2008.  A rise in the US Dollar is also in alignment with an expected decline in the Dow later this year.

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