Dollar index is landing on a strong support area, I don't think is going to break through that fast. We will see a bounce off that support area very soon along with a market correction. It might be only a dead cat bounce, will see.
Kommentera:
Give me one good reason why the Dollar may go up. FED stopped rising interests rates and is highly probable they will go back to QE. It's is an electoral year, crazy things will happen.
Kommentera:
The Dollar keeps bouncing from the long term trendline, but it has a also a monthly resistance in its way up. I think eventually is going to break down the trendline and we will see a massive decline in the Dollar and the stock market and gold ripping. I wouldn't have my savings in dollars, I have almost all invested in stocks, gold and silver. If double top plays out, bye bye dollar for the next 5 years at least.
