Based on the Macd and RSI, and the shooting star, both telling us a story: the US Dollar is going against the trend, called divergence.
the latest price of the week fall at 98.1, which is the price same as May 2019.
This may hinting us that the greenback is unable to break its highs hence fall back to the price of few months ago.
Buying power is fading, although the government stressed that the US economic is still doing fine.
expecting the following weeks will touch 96.7, then 95.5, and rebound to 96.6
if that's the case, yellow metal and JPY will be favorable to long for.
the latest price of the week fall at 98.1, which is the price same as May 2019.
This may hinting us that the greenback is unable to break its highs hence fall back to the price of few months ago.
Buying power is fading, although the government stressed that the US economic is still doing fine.
expecting the following weeks will touch 96.7, then 95.5, and rebound to 96.6
if that's the case, yellow metal and JPY will be favorable to long for.