Hi Guys,
X) is when Trump's presidency begins.
At the beginning of his mandate Trump wanted a weaker US dollar. In 2017 the greenback has fallen from 103.65 to 88.25 to form A).
So, if you think that Trump's presidency is genereting a bear market for the US dollar, than A) to B) may be a Bear Rally or period of distribution that topped at the end of 2018.
If you click on the following chart you will see that in 2018 DXY retraced 0,5/0,618 Fibinacci of the move down made in 2017.
And there are still 2 more years of Trump to go.
Here’s where things stand two years into Trump’s presidency according to CNBC: www.cnbc.com/20...ings-stand.html?__source=t...
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
X) is when Trump's presidency begins.
At the beginning of his mandate Trump wanted a weaker US dollar. In 2017 the greenback has fallen from 103.65 to 88.25 to form A).
So, if you think that Trump's presidency is genereting a bear market for the US dollar, than A) to B) may be a Bear Rally or period of distribution that topped at the end of 2018.
If you click on the following chart you will see that in 2018 DXY retraced 0,5/0,618 Fibinacci of the move down made in 2017.
And there are still 2 more years of Trump to go.
Here’s where things stand two years into Trump’s presidency according to CNBC: www.cnbc.com/20...ings-stand.html?__source=t...
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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The end of the Bear Rally (B) would be Nov.16, 2018 when Morgan Stanley said "Dollar Run Has Ended, Time to Sell". Click & Play the following chart.
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Same scenario but EUR/USD
