Whereabouts of the dollar
Fundamentally, the dollar is probably a good buy.
We’re in a U.S. dollar rate-hiking cycle, and the U.S. economy is strong.
The major U.S. stock indices have been continuing to reach all-time highs.
But technically…?
The USD/JPY has bounced off a long-term downtrend line and is currently forming a short- to medium-term downtrend.
The dollar pair versus the yen is bottoming out from historic lows and heading toward dollar weakness direction.
The euro-dollar, for example, has had its daily head-and-shoulders pattern invalidate.
Market participants’ expectations are visualized as charts.
Fundamentally, the dollar is seen as a buy, but
Technically, it is moving toward dollar weakness.
Either way you trade is up to you.
Blog here. If you want to know the essence of the market, please visit
To those who wish to win in FX trading ~ The Path to Becoming a Consistently Winning Trader ~
We’re in a U.S. dollar rate-hiking cycle, and the U.S. economy is strong.
The major U.S. stock indices have been continuing to reach all-time highs.
But technically…?
The USD/JPY has bounced off a long-term downtrend line and is currently forming a short- to medium-term downtrend.
The dollar pair versus the yen is bottoming out from historic lows and heading toward dollar weakness direction.
The euro-dollar, for example, has had its daily head-and-shoulders pattern invalidate.
Market participants’ expectations are visualized as charts.
Fundamentally, the dollar is seen as a buy, but
Technically, it is moving toward dollar weakness.
Either way you trade is up to you.
Blog here. If you want to know the essence of the market, please visit
To those who wish to win in FX trading ~ The Path to Becoming a Consistently Winning Trader ~
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