The U.S. dollar is at the heart of many forex trades and the price action longer-term with the prospect of a winding down of Qe is bullish but the recent transition in the trend shows that the problem is not whether QE will end but when and until that is know, the U.S. Dollar could continue to chop sideways. The problem is that the dollar’s uptrend is no longer valid and to expect higher high and higher lows in this environment will be instead met with the volatility and unpredictability of a distribution market trend. The daily time frame shows that the U.S. Dollar Index is still trading above the 200DMA and that ... (full story)