A break below 1.333 could lead to 1.326 before the correction starts. Should see it rally above 1.35
Most of the major currencies, Thus the DXY are trading back at mid December levels before the correlations between the yields and currencies collapsed. Gold did not follow the currencies down to those levels What is this telling us? Is gold lagging or is it leading the way? If it is lagging it will come down very hard pretty soon. If it is leading the way it...
Important to break 1299 or gravity could take over
At another key price level. A break of 1.17 and it could go down to 1.16 in the near term
Two sides to a coin right.. In my earlier posting I showed the bull case but as can be seen here there could be a bear case as well. For the bearish view to be bolstered 1264 should be broken in the next week or so and 1236/1200 in the next month or two
For the bullish scenario to remain in tact 1260 should ideally not be breached and a break of 1236 invalidates the bull case
The dollar is currently at key levels where it has just about retraced 0.782 of the previous high at 95.15. It should probably retrace from these levels before the bullish rally continues. A close above 93.67 before a retrace will be a very bullish signal. The bear case could be that it failed at this key level if it does not close above 93.67 or break 94.25 in...
still to be seen but the latest move down could have been part of a correction
Hmmm - looking at this view I am not so convinced that this is a bullish rally after all and could just be short covering? If I don't see 93.07 broken convincingly with a breach of 93.67 I will turn sceptical of this rally. The 50% fib level of the lowest low lies at 87.26 which is approximately the same distance from current levels as ''A" in this scenario as...