This idea is primarily a reflection, like my previous ideas. I want to push my limits. It always fills me with excitement when an exchange rate develops as I expected 1-2 years before.
In my opinion, it is hyped by the FOMC and we cannot expect much from it in the short term. Therefore, the exchange rate may turn down again from the maximum level of 32k dollars to look for supports.
The long-term bear trend has technically broken, BUT it would be too early to say that the bull market is here again. We need to see higher lows and new highs to be bullish again.
I definitely want the exchange rate to develop as we can see on the graph. We'll see. Share your thoughts too.
In my opinion, it is hyped by the FOMC and we cannot expect much from it in the short term. Therefore, the exchange rate may turn down again from the maximum level of 32k dollars to look for supports.
The long-term bear trend has technically broken, BUT it would be too early to say that the bull market is here again. We need to see higher lows and new highs to be bullish again.
I definitely want the exchange rate to develop as we can see on the graph. We'll see. Share your thoughts too.
Comment:
I think that as long as the global economic conditions do not change, 10k is still in play, as I showed in a previous idea. BUT that would be a very extreme scenario. The market is already very hungry for profit. And this can speed up the movements. And we can get closer and closer to the graph confirming that the market has turned.
Comment:
First box reached. :)
