DXY – NYBOT Dollar Index (Last:104.88)

Last week’s descent to the green line (x=105.03) has triggered a ‘mechanical’ buy there that rates a 6.4 on a 1 to 10 scale. That means the trade looks moderately appealing and has an approximately  64% chance of rallying to at least p=106.07 before DXY could dip below C=103.99, stopping out the pattern.  A return to p would not necessarily be the end of the bull cycle begun from 100.62 last December, but the dollar could still spend months in tedium with little progress in either direction.