The Dollar’s Next Move

Published on
March 21st, 2019
8 minutes

The Dollar’s Next Move

Technical Trader ·
Featuring JC Parets

Published on: March 21st, 2019 • Duration: 8 minutes

J.C. Parets, CMT, of All Star Charts analyzes the U.S. dollar from a technical perspective, and discusses where the dollar index is headed next. He reviews specific levels to watch out for, and highlights several currencies and markets that bolster his thesis. Filmed on March 19, 2019 in Sonoma, California.


  • DR
    David R.
    12 April 2019 @ 15:30
    Revisiting this from 22 days ago, JC was spot on by calling the USD bearish and EMFX the most bullish. Dollar has massively failed against numerous EM FX to multi-year lows in some or multi-month lows in others. Now USD weakness has spread to DM. Successive lower highs. The weak dollar looks extra weak. USD has rightly been a pound-the-table SELL, and any dollar recoveries are opportunities to Sell Dollar!! EURUSD is going to 120 then 128. Dollar is set to craaaash.
    • DR
      David R.
      13 April 2019 @ 00:54
      USD/MXN closed down back to where it was last April. A year's worth of gains in USD wiped out fast. And probably more plunging yet to come for USD to lower lows.
  • DR
    David R.
    12 April 2019 @ 15:30
    Hope J.C. comes back real soon :)
  • SM
    S M.
    29 March 2019 @ 20:11
    Good argument. we are surely at this fine line where USD makes it or break. On very short term, USD very well may be weaken 3-4% before it really takes off to 110 or more level.
    • DR
      David R.
      12 April 2019 @ 15:25
      Sorry, it's going to 80 not 110. Dollar has already collapsed to lows for the year against many EM FX, and now the DM FX will be next. Aside from the basket case currencies, USD is technically among the worst in the world. Fundamentally it's a loser too, but I'm not convinced by fundamentals as they matter little. Sentiment is king, and the uber-bullish sentiment in USD has made it among the most crowded longs in the world, set up for a huge haircut and lots of pain to the masses of little guys long the buck. Typical of the market.
  • mb
    michael b.
    29 March 2019 @ 19:40
    stopped out.
  • RE
    Russell E.
    22 March 2019 @ 00:32
    The charts look smiley but does the idea of dollar weakness make sense? AUD higher? RBA is looking to cut rates.
    • MW
      Marcus W.
      26 March 2019 @ 12:45
      Agree, AUD won't go over .72 Looking for a break below 69.60 then it's off to 60. Let's see.
  • CL
    Chris L.
    25 March 2019 @ 17:04
    Hard to trust someone that uses RSI as a supporting indicator lol
  • WM
    Will M.
    24 March 2019 @ 14:02
    Not sure I agree with the prediction, but never say never!
  • PA
    Paul A.
    23 March 2019 @ 01:49
    Still $ bullish but appreciate the technical bear case
  • MN
    Maverick N.
    22 March 2019 @ 16:36
    This will not age well! With the geo-political powder keg that has been set up, there may be an asymmetric move on the $ if something were to shock the existing systemic vulnerabilities. It's not about anticipating the shock but rather noticing the vulnerabilities. A word of caution : Have a stop loss.
  • PP
    Patrick P.
    22 March 2019 @ 02:02
    J.C. ....Please speak a little louder and one less cup of coffee next time.
  • PC
    Peter C.
    22 March 2019 @ 01:02
    Haha JC your view is very unpopular at the moment.
  • ek
    eric k.
    21 March 2019 @ 23:29
    RSI 14? really?
  • TD
    Timothy D.
    21 March 2019 @ 12:55
    I disagree with the thesis but I like this presenter a lot.
    • ns
      niall s.
      21 March 2019 @ 14:09
      I agree
    • SS
      Shanthi S.
      21 March 2019 @ 21:38
  • MN
    Michael N.
    21 March 2019 @ 20:51
    I love his high energy and bold calls. He may pivot but a lot of cmts are so wishy washy that you have no idea what the call is actually. Anyone a subscriber of his service that has some insight? Thxs in advance
  • HJ
    Harry J.
    21 March 2019 @ 18:01
    Has he been drinking too much coffee?
  • WB
    Wes B.
    21 March 2019 @ 15:37
    This guy changes direction so fast I can barely keep up.
  • LE
    Loui E.
    21 March 2019 @ 14:24
    TLT heading to 130?