US Dollar Breakdown Soon

My view:

As pointed out in the post US dollar bull trap, we have increasing evidence that all in not well with the mighty dollar.
As the chart shows, a rising wedge on a monthly basis is forming.
This type of pattern has a very high probability of playing out (over 80%).
Strengthening the pattern is the MACD divergence that is now apparent.
Because this is a monthly chart, it is likely to take a considerable amount of time for the dollar to break down.  Based on this chart, it is our estimate that we will see a noticeable breakdown begin within the next six to twelve months.
Given this outlook, expect continued relative strength in commodities and precious metals, with a surge in gold prices once the breakdown gets going.