DXY-91.28, the USD index seems to have entered into a bull run after more than 30 years of consolidation which gives an indication that USD is in for a good bull run against all international currencies.As can be seen from the chart USD has formed a a sloping triangle with clearly defined waves A to E waves and it seems this year it has broken above the BD line indicating the completion of the triangle and healthy up move has started and it might run for years to come. Now generally comes the question as to what would be the extent of rise. The break out would be generally equal to the length of the longest wave of the triangle. The longest wave is of length 80 from 1978 to 1985 so now it should be of that length from the end of the E wave which happens to be around 78 so this gives a target of above 150( unbelievable). So we have to see whether we achieve the target or not but we are sure to move past the high of D wave which happens to be around 120 levels. So slowly and steadily USD might market ahead till 80 is taken out. So all world currencies seems to be in a great danger against USD.

May all be Peaceful and Happy

Mahiidar M

Enjoying Life

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