TECHNICAL ANALYSIS by Jason Sen US Dollar Outlook A Stabilizing Market


FX


US Dollar Index has been in a very clear downward trend since the peak of 103.8, reached on the third day of 2017. This bear trend has wiped over 25.5 points or 15% from


the index in the last 13 months.


In the bottom right corner of Chart 1, you can see that since mid January, the index has traded in a mostly sideways


direction. Tis does not look like a bottoming pattern, but more like a consolidation phase, which is common in every trend and has been seen regularly in this one.


Chart 1: US Dollar Index FX TRADER MAGAZINE April - June 2018 17


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