Is USD Getting Ready To Shocks And Awes ?

 
If we look at the  US Dollar Index weekly chart (big picture) you would notice since 2008,
it has :-
(a) not gone to any new low
(b) bouncing within a big range of 15,000+ pips.
I think this has been a great achievement of some sort taking into considerations of all the shit been thrown at it by the fundamental "experts" on how USD should become toilet papers/banana notes etc.



So get one thing crystal clear here:- USD did not get fucked out of this galaxy just because the "experts" have been misleading you all that US government has been printing money like there is no tomorrow.
 What is MOST LIKELY to come next ?

 
 

At the US Dollar Index daily chart, there is a double bottoms and a slight lower low at the circled areas which at the same time, MACD did not register a new lower trough. A perfect sign that the shorties are already running out of  bullets to push the Dollars down further. In fact, it also mean that the shorties may be fading their moves and have been clearing off their shorts positions. The 2nd panel Stochastic has turned around and positive . Since the trend indicator ADX (4th panel- green color thick line) is low at below the 20's signal line, so Stochastic is important here because there is no strong trend yet in the market. MACD seems to be trying to turn around but it remains negative now.
Price (white body Japanese Candlestick ) has already closed above the bottom Bollinger Band , this is usually taken as an initial buy signal. This kind of signal is usually not too reliable but they are more for the brave-hearted trader to try their luck. I am buying tonight.
The DMI  remains negative.
Summarily speaking on the daily chart, the bulls have little helps yet. The initial buy signal is in, the brave can go in and buy. The not too brave type should wait for 1-2 more days for the MACD to be positive/price closed above the middle Bollinger Band before jumping in. I personally would like to see the D+ crossing up above the 20's horizontal signal line for a firmer signal.
Then I would like to look at the bigger picture weekly chart to see whether the bulls calvary are coming.



 

There is nothing here to say the bulls are back. A weak initial signal would be the Japanese Candlestick has closed above the bottom Bollinger Band  but this signal is not yet confirmed by any other indicators. The fastest reacting Stochastic remains negative though is trying to turn around. For the least, I would need to see this one helping out the Candlestick. MACD is similarly trying to turn around but remains negative now. ADX (green thick line at 4th panel) has fallen below the 20's signal line (blue thick horizontal line). This is confirming there is no trend in this market but moving sideway since November last year.
An extremely interesting item found here would be the tightening Bollinger Band (as happened before around April, 2012 and August ,2011)  . It is basically also telling us it has been a sideway market, but it is also read as a warning of big explosive move should be down the road. So market may NOT be tradable for now, but I am on high alert to watchout for what may be coming soon!
To put all the above in summary of my "predictions" :-

1) USD has been in a sideway market as both the daily , weekly and month charts all agreed in unison
2) the higher troughs at indicators is confirming Short sellers seem to be exhausting their power to push it further down
3) which becomes an extremely bullish sign for USD
4)  some monstrous move is up ahead
5) USD would need to clear above 81.460 to officially welcome the king bull