This chart looks at the US dollar, reflecting that it has spent the majority of the past 14 years inside of rising channel (1).
Over the past 3 years, King Dollar could be creating a series of lower highs and lower lows inside of falling channel (2). It hit the top of the channel a few weeks back, near the top of the new falling channel and some selling pressure has since taken place.
USD weakness has it trying to break support of a bearish rising wedge at (3).
Continued dollar weakness will send a positive message to commodities, especially gold, silver and the miners. What it does at (3) will send an important message to the hard-hit commodities space.
Full disclosure: Metals members have been long gold for a couple of months.