Dollar Junction
Or
'Red & Blue...
Such good Feng Shui...'
The dollar is at critical support.
Rodin
*Note : the $1/year refers to the neckline, not the buck obviously.
In fact on the above weekly line chart the $USD looks to have actually broken the blue neckline already, at the sign of the red arrow. In order to check if this could be true I took the blue and black necklines, measured their slopes, then mapped them on to a year long daily candlestick chart. This is the result.
Note that the higher blue and black lines are the Candle Body (Open/Close range) necklines - the most important IMO, while the lower pair are the intraday 'wick' necklines. Only Blue Intraday remains to be penetrated. Thereafter resistance to any upside in the $ will be strong.
(The $ does have additional support here, but I can't show you it now.)
Here is a nested Fibonacci levels study of $USD. You can't see the blue 61.8 and 39.2 lines because they are hidden exactly behind a couple of red ones.
A strong target must be Blue 0% at ~78 - which would be where the bottom of the red channel (second chart, lower dotted line) could be by about Christmas. On the other hand, if the $ works it's way back up through the levels, a re-test of 87 is on the cards. Which is, co-incidentally, a reflection of 78.
Add 7+8=15 and you get an age and a date STRONGLY associated with the colours RED & BLUE.
You see, it all fits.
Yr enigmatic cartographer of the price-time continuum..
Rodin
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