This analysis is based purely on technicals, so take it with a block of salt. The dollar has made a 2nd bottom after the COVID correction, but is slightly higher. This is a very bullish signal and often is the indicator of a wave 2 in Elliott wave theory. This could mean a stronger wave 3 is ready to start.
I see this pattern in 2 distinct places.
1) August 2011 (purple line), which resulted in a great bull market that lasted 4 years and went up 40%.
2) March 2005 (orange line), which resulted in a nice rebound of 13% but ultimately end in a bear market that fell 13% (26% loss from peak).
Either way, it look like the US dollar is going to make a short term move to the up side, but it is unclear how long it will last.
Any thoughts on this?
1D
4h
I see this pattern in 2 distinct places.
1) August 2011 (purple line), which resulted in a great bull market that lasted 4 years and went up 40%.
2) March 2005 (orange line), which resulted in a nice rebound of 13% but ultimately end in a bear market that fell 13% (26% loss from peak).
Either way, it look like the US dollar is going to make a short term move to the up side, but it is unclear how long it will last.
Any thoughts on this?
1D
4h
Nota
How about that for a breakoutNota
Still going strong
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.