US DOLLAR INDEX: FUERTE SIGNO DE SOBRECOMPRA

From the Bespoke Investment Group

Dollar Up Ten Days in a Row

Since our post on the Dollar breakout last week, the currency has continued its trek higher. It is currently trading well into overbought territory, however, and is also up ten days in a row for just the fifth time since we have daily pricing going back to 1971. The last ten-day winning streak for the currency was all the way back in May 1990. The currency has gone up eleven days in a row just twice, and it has never been up twelve days in a row. While we expect the uptrend to continue for the Dollar, it can't go up every day.