Hawkeye Knows Where the Dollar Should Go

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Hawkeye Knows Where the Dollar Should Go

The dollar index is showing volume accumulation and prices should start to rise testing 81.72 again.

Chart 1: Daily

The cyan arrows show attendant volume coming into the market. All Hawkeye indicators are in up trend mode.

dolaar index daily

Chart 2 Weekly 

Weekly volume gone from neutral to positive after low volume, again confirming accumulation (cyan arrow).

dollar index weekly

Hawkeye Perspective 

Accumulation is now taking place biased to the upside and prices should start to reflect the commencement of trends on both weekly and daily in the coming weeks.