US$ Index Rebound May Turn Into a Trend Reversal

We invite you to read Bruno’s B.E.S.T. View March issue (written March 4th).

At the end of January 2026, the US$ Index made a spike lower low at 95.55 below the flat lower weekly B-Band (97.50 at the time) but rebounded above that same Band the following week. It was a “bear trap” (as hindsight shows), followed by the US$ Index taking three weeks to consolidate between 96.50 and 98.00 before breaking to a higher HIGH, with the MACD crossing up and the STO rising above 50%. Is this just another rebound or a change of trend?
Four points need consideration:
First, the US$ Index’s rise above the 40-wk moving average (98.33) will be seen as a change of trend, when the 40-wk moving average itself will start to rise on a weekly basis. It may take a few more weeks, Second, meanwhile, many market analysts may consider that[…]