Loading ...In Defence of the US Dollar
I have yet to see anyone Bullish on the Dollar.
It sure has been very weak.
But has it definitively broke down ?
You decide
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What I see is a still potential Bull Flag (HWP) …so far a 50% retrace of the big move up.
Whichever way this triangle breaks will be the next big move IMO.
And then there is this Euro COT
The dollar cycle has turned down. A rally back to 93 or 94 is possible, but the big picture trend is now down in my opinion.
Hope so…I am heavy into rocks…but gotta watch this chart….cycles can extend
I hate it when you guys even talk about the dollar. It’s movements give me the creeps, as it seems to always have an inverse relationship to sentiment. It’s kinda magical in that way.
Magical or maniacal?
Fully, Thats good!
Check out COT for POG early 2000’s