The dollar has been king for some years now but are we seeing a top?
I would argue the dollar can only go up due to the higher rates compared to other major currency fed rates. Though the obvious doesn't always play out Europe may see a sudden change in sentiment it cant be bad forever. Developing economies are in a rump but when they come out they will benefit from local currency demand plus a stronger yen.
Im sticking to the trend but a reversal would be an interesting opportunity to enter at a top.
I would argue the dollar can only go up due to the higher rates compared to other major currency fed rates. Though the obvious doesn't always play out Europe may see a sudden change in sentiment it cant be bad forever. Developing economies are in a rump but when they come out they will benefit from local currency demand plus a stronger yen.
Im sticking to the trend but a reversal would be an interesting opportunity to enter at a top.
Nota
The dollar bounced nicely yesterday. Expecting a test of the top trend line.
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.
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.