The NFP number came out weaker, but there was no effect on the dollar. It just continued the rally. The dollar bottomed in its intermediate cycle so will continue its rally. We are at the breakdown level now where the panic selling started. One or two days and we blast through it.
I think this was the last hope of the trapped dollar bears below the range. As soon as we rally above 94$ they have to face to be caught in the wrong direction. MACD tried to cross over but couldn't. We will be testing 95 $ next week.
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So far so good... Back deep in the blue range. Retail sales news are supporting us.
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spuspala
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Wow! amazing prediction. One of the best I had noticed till date! Keep it coming.