Is U.S. Dollar Topping Pattern Pointing To Broader Concerns?

By Chris Kimble of Kimble Charting Solutions

Thursday, March 6, 2025 5:54 PM EDT

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Image Source: Pixabay

The U.S. Dollar Index rallied sharply into inauguration day. Since then, it’s been very weak.

Could things get worse for King Dollar?

Today, we share a “weekly” chart highlighting a potential topping pattern…

As you can see, the U.S. Dollar peaked on inauguration day at (1). But the broader pattern may be more concerning — a head and shoulders topping pattern.

And recent weakness is raising concerns about a break down… perhaps back to support around 100.

Weakness has some worried about the economy, and could go hand in hand with falling interest rates. On the other hand, gold bulls don’t mind a weaker Dollar.

Any time King Dollar makes a move, investors (and assets) pay attention.

(Click on image to enlarge)