Up to test 98.40 and then 100.49 or Down to 95.54 and then 94.01 ? Decisions !!!!!! Decisions !!!!!!!!
Even major institutional analysts can't agree on the direction of the US Dollar in the next 6 months. As the weekly chart shows , the dollar has been annihilated this week. it has been hit by a knockout punch from the US FED.
Most analysts are revising or changing their forcasts to have US Dollar strengthen to above 100 but some are still sticking to there earlier projections that the US dollar to fall to 94.01 area
So where do we go from here with USD ???
IMO, i think we will test 98.40 then 100.49 before we head down to 94.01 level . so USD is LONG until we test 98.40 but after that no one knows . we have been above the rising trend for a several weeks
Does any of those analysts with Crystal ball have an answer ?????
Even major institutional analysts can't agree on the direction of the US Dollar in the next 6 months. As the weekly chart shows , the dollar has been annihilated this week. it has been hit by a knockout punch from the US FED.
Most analysts are revising or changing their forcasts to have US Dollar strengthen to above 100 but some are still sticking to there earlier projections that the US dollar to fall to 94.01 area
So where do we go from here with USD ???
IMO, i think we will test 98.40 then 100.49 before we head down to 94.01 level . so USD is LONG until we test 98.40 but after that no one knows . we have been above the rising trend for a several weeks
Does any of those analysts with Crystal ball have an answer ?????
Comment:
Currently on Friday, there is no hurry in buying the USD . So no Direction at the moment
Comment:
Very insteresting that the EURUSD is the only Currency that is stronger than the Dollar today . The German Markit PMI beat the consensus but by very little 0.3 . While EU PMI is under 50% which shows recession in EU manufacturing
Comment:
The USD Dollar is having an interesting downside pressure. we took out the last weeks low of 97.04 and this week we are in the process at this moment of taking out last Low of 96.43 . The sentiment seems to be turning against USD towards the downside and that means EURUSD might break 1.1350 towards the upside
Comment:
demolished 96.43 into pieces and now heading straight for 96.00 and for EURUSD we are gunning to break SMA200 on EURUSD . which is mostly likely now
Comment:
we have blown past the last know daily Low and hit 96.39 on DXY. Also cracked 1.1344 on EURUSD . so From now on. its a matter of momentum to push on
Comment:
Official Collapse of the USD has just happened since the FOMC announcement , the USD dollar has collapsed from 97.79 to now approaching 96.28 , that's very aggressive even for hedge funds and institutions
TOTAL COLLAPSE of USD . The EURUSD also took out SMA200 Daily average at 1.1352 with an impressive aggressive momentum . We are now ready for a LONG EURUSD so long as we have a follow up to that aggressive momentum
TOTAL COLLAPSE of USD . The EURUSD also took out SMA200 Daily average at 1.1352 with an impressive aggressive momentum . We are now ready for a LONG EURUSD so long as we have a follow up to that aggressive momentum
Comment:
The USD has now hit the upper ascending trend line at 96.90 and heading to 99.00 handle after FED interest rate Cut of 25 bps . Now we are ready for a leg down
97.60 area
97.11 Area
then below 96 before we stabilize .
All currencies are being hammered to the ground. EURUSD & GBPUSD being the worst culprit of them all
97.60 area
97.11 Area
then below 96 before we stabilize .
All currencies are being hammered to the ground. EURUSD & GBPUSD being the worst culprit of them all