USDollar Indiex. Like I said in last USDollar analysis, after breaking SMA200+SMA100+SMA50+EMA50, also move under Kumo cloud.
USDollar extends its loss as a result and I said FOMC Minutes didn't provide any support for greenback;otherwise FED worried about current strong greenback damaged export and inflation.
They have a lot of reasons to refrain a liffoff decision this year, so we should not blame them and what should we do is SELL Dollar at current level as soon as possible.
USDollar Index provided a clue to sell Dollar.
I find more reason to reinforce my view.
Look at on the GOLD chart.
The long term trend line was broken: Strong signal of Bullish view.
SMA100+SMA50 break.
Move above Kumo cloud.
All signals contribute to the recovery of Gold.
Remember that : Gold is an anti-Dollar, and a safe-haven asset.
In the circumstance of global slowdown, I think investors are thinking about reholding Gold.
This is the gold time to buy Gold.
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In short, I will not BUY Dollar untill I see some recovery of US Data.
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USDollar extends its loss as a result and I said FOMC Minutes didn't provide any support for greenback;otherwise FED worried about current strong greenback damaged export and inflation.
They have a lot of reasons to refrain a liffoff decision this year, so we should not blame them and what should we do is SELL Dollar at current level as soon as possible.
USDollar Index provided a clue to sell Dollar.
I find more reason to reinforce my view.
Look at on the GOLD chart.
The long term trend line was broken: Strong signal of Bullish view.
SMA100+SMA50 break.
Move above Kumo cloud.
All signals contribute to the recovery of Gold.
Remember that : Gold is an anti-Dollar, and a safe-haven asset.
In the circumstance of global slowdown, I think investors are thinking about reholding Gold.
This is the gold time to buy Gold.
-----------
In short, I will not BUY Dollar untill I see some recovery of US Data.
------------------
--Sforex-Solution- Trackingforexsignals.com--
www.trackingforexsignals.com
www.facebook.com/trackingforexsignals
twitter.com/SforexSolution
Contact: admin@trackingforexsignals.com
---Do the right thing-Think the right way---
