littleriver

The Dollar's Descend Tested

ICEUSA:DX1!   U.S. Dollar Index
70 3 1
Much news lately about the dollar going higher and it's impact on global markets. So, next weeks fed meeting will be one to watch. The dollar has been making lower and lower highs, then testing these lower highs. We are at one of these test points now . A breakout here could really shake up the markets. While a failed breakout, may be seen as more of the same. What will the fed do? With so much at stake, my thoughts are we take the path of least resistance and keep the coarse for now. But, I will be watching next week to see what the chart has to say. It always has the last word.
If this goes any higher, I might start thinking the Market Drops happens much sooner.
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littleriver QuantitativeExhaustion
2 years ago
Much depends on what the fed has to say this week. The curve has flattened and price sure looks ready to break. But looks can sometimes be deceiving.
+1 Reply
QuantitativeExhaustion PRO littleriver
2 years ago
Probably is getting ready for the Market Drop, little pre-stage ahead of QE ending next month and rate hike talk.
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