King Dollar is taking a break which is quite normal in $USD bull campaigns. When we look at comparable corrections in bull phases we see (see on the chart) 3 target areas for the corrects which are not too far away from where we are right now.
And when we look how long it took in the past from a bullish Indicator reversal to the final intermediate top we see that we have some more time to go to reach the TOP in the $USD.
Conclusion:
We should see some more $USD weakness (<=> Risk On trade will get more time to exhaust), followed by the opposite. The ideal timewindow for the $USD Top could be btw. April and October (!!).
No comments:
Post a Comment