/DX made a new low today. Only 1 other major USD pair has made a similar move (GBP/USD). The other major pairs, especially the heavily weighted EUR/USD, have not reflected this new low in /DX. I don't know what to make of this, but it seems that there are some short term manipulations in play, because it is not possible for USD to be at a new low when 5/6 other currencies don't reflect this. This could imply that /DX is washing out the bulls before a strong blast-off.
The top-left chart is /DX. Notice it made a new low. Clockwise from /DX, you can see EUR/USD, GBP/USD, USD/CAD, USD/CHF, and NZD/USD. Was GBP/USD's breakout really strong enough to bring the whole /DX index to a new low? Seems doubtful to me.
Edit: USD/JPY and USD/MXN (two other relatively import trade partners used to calculate /DX) are also both high off their lows.
The top-left chart is /DX. Notice it made a new low. Clockwise from /DX, you can see EUR/USD, GBP/USD, USD/CAD, USD/CHF, and NZD/USD. Was GBP/USD's breakout really strong enough to bring the whole /DX index to a new low? Seems doubtful to me.
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