Loading ...Dollar Bears
Nice Call ! Kudos !
I didn’t think the next move was down but the verdict seems to be In..
Thumbs Down for the US Dollar
Strong down move expected….this is a very bearish chart…False breakout and End Around the Apex Move
But Wither Gold ?
We do have to watch for the very consistent cycle bottom due here abouts
Two other market conditions may come to fruition.
1) Oil looks ready for a pullback = less demand for US dollars.
2) China needs to reload on commodities so the dollar needs to go down. Watch for the Yuan and Commodities to rise (Oil not included). Then without warning another mini crash. Wash Rinse Repeat……
China plays this commodity market like a fiddle. The Donald used to call it currency manipulation not anymore. Just make money off the trend in play and don’t get married to a any one sector. When China moves I want to be ahead of the curve. Just my 0.02.