This call will be based on the previous DXY - RATEvolution call.
New King. New orders. New rules.
It was very weird that at the State of the Union address Trump didn't mention the strong dollar as a problem. There's no need to talk about it if you know an intervention is coming ...
I think we witnessed an intervention on Friday. At the Euro Futures chart we had a lower low on Thursday . It was day 42 on Thursday. I said if that breaks down nothing will stop price going down to 1.035.
I think the administration was on the same opinion. Trump accepted that the rate hike is necessary. But enough of the strong dollar..
The candle is simply too big and too strong (Marubozu) to be just a simple trendline break candle especially on a day when Yellen announces a March rate hike.
I think they will continue the intervention on Monday and Tuesday and will have 3 white soldiers. If I'm right after yesterday's trendline break we are on day 1 and on Monday and Tuesday price will surge higher without much of a pullback...
TSI already gave in the sign , MACD is crossing over, RSI left overbought.
The last daily cycle was 42 days long and we are bouncing in a left translated fashion.
It means a new trend is starting with higher highs and lower lows.
New King. New orders. New rules.
It was very weird that at the State of the Union address Trump didn't mention the strong dollar as a problem. There's no need to talk about it if you know an intervention is coming ...
I think we witnessed an intervention on Friday. At the Euro Futures chart we had a lower low on Thursday . It was day 42 on Thursday. I said if that breaks down nothing will stop price going down to 1.035.
I think the administration was on the same opinion. Trump accepted that the rate hike is necessary. But enough of the strong dollar..
The candle is simply too big and too strong (Marubozu) to be just a simple trendline break candle especially on a day when Yellen announces a March rate hike.
I think they will continue the intervention on Monday and Tuesday and will have 3 white soldiers. If I'm right after yesterday's trendline break we are on day 1 and on Monday and Tuesday price will surge higher without much of a pullback...
TSI already gave in the sign , MACD is crossing over, RSI left overbought.
The last daily cycle was 42 days long and we are bouncing in a left translated fashion.
It means a new trend is starting with higher highs and lower lows.
Bình luận:
It looks a clear usd-eur intervention to me.
