US $ Revisited.

Nothing new on this front other than to re publish the Point and Figure chart of US $ with a tentative bearish price objective once again. I am still treating the current bearish developments with Greenback as COUNTER- CYCLICAL( corrective in nature) . In my book the major trend of US $ is still up. For me to go long term bearish with Greenback is to se a major top completion in the weekly TF. Not there as yet. If  and when we cross that bridge, I will publish a chart.

This said, in the short term, if we examine our daily charts all we see is nothing but a downtrend.

Same  chart as before ( dated May) which is courtesy of StockCharts.com

usdpnf17052017

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