What´s next for the US dollar?
As everything is depending on how the FED will determine the current economic situation in the USA one could make a case for both a continued strength off the USD until the FED will cut interest rates. However, a slight indication of earlier than expected cuts will weaken the USD significantly and will come as quite a surprise for the market.
In my opinion, the dollar is in a WXY correction of a larger ABC.
The alternative (blue count) is that the wave B of the larger ABC is already over and we are in the beginning of a wave 3 of C that will bring price down a lot.
I´m leaning towards more dollar strength for the coming weeks as my main scenario.
Good luck with your trading.
In my opinion, the dollar is in a WXY correction of a larger ABC.
The alternative (blue count) is that the wave B of the larger ABC is already over and we are in the beginning of a wave 3 of C that will bring price down a lot.
I´m leaning towards more dollar strength for the coming weeks as my main scenario.
Good luck with your trading.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.