littleriver

The Dollar's Descend Tested

ICEUSA:DX1!   U.S. Dollar Index
72 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.
Reply
littleriver QuantitativeExhaustion
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
Probably is getting ready for the Market Drop, little pre-stage ahead of QE ending next month and rate hike talk.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out