Dollar downtrend is reversal? Not Yet!
As my daily chart shows clearly, USD is still in the downtrend, but it is approaching it's major reversal level at around 91. Once violated, the downtrend may be terminated and price may go up sharply as it fell so much....This might drag down stock market as well as commodities, like gold and silver.
Another possible scenario is that price goes sideways for a while, waiting for MAs to come down before going down again. This might create opportunities for range trading G10 pairs.
USD is the center of the universe that we should pay close attention to.
Another possible scenario is that price goes sideways for a while, waiting for MAs to come down before going down again. This might create opportunities for range trading G10 pairs.
USD is the center of the universe that we should pay close attention to.
plan your trade and trade your plan
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