USD's next move, please vote
- Thread starter JSSPMK
- Start date
daily... spain,portugal,ireland ,iceland,italy greece,are each the size of one US state,the euro's can't agree on anything,thus their bs sales pitch to garner loans and stabilize is weak,the US bs is coordinated and thier ability to bs is great,but the underlying financial mess for each continent, which is worse. ..
I tell you, manipulators do whatever their agenda is. Just look at DX for a moment, why is it selling now? What happened to cause this? Nothing. It's simply end of 2010 & they need price to close in line with their agenda. Perhaps below 80? For instance we read that BOJ will not win their fight to weaken YEN on their own, yet some entity manages to throw DX in required direction when needed. The press will try to convince us by telling us it's the yields, it's expectation of more QE, it's this, it's that. Always an explanation after the fact, yet if you read opinions of various analysts before the fact they tend to be quite different. So what is the point? IMO trading price action is the primary way, as it seems that if analysts can't decipher fundamentals in unison, then nobody can. Yet price action is more straightforward - weakening pa=sell & strengthening pa=buy using strict management rules & take profit at opposite S/R levels which ought to be either a multiple of stop loss to be used or high win rate.
Bottom line to this rambling? Fuck the financial press
Bottom line to this rambling? Fuck the financial press
Updated USD Index Monthly chart with yearly closing graph (blue line).
Below is the TRIX (15) a clear indication of a trend change. (MACD just above centreline too on Monthly).
IMO Dollar will strengthen in 2011 due to mainly EUR & GBP. UK has massive debt problems & Eurozone still to come up with a permanent stability mechanism tool (or whatever they called it). Also I agree with opinions of some analysts that BOJ will not allow YEN to strengthen above ATH, time will tell on that one.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3049223>
Below is the TRIX (15) a clear indication of a trend change. (MACD just above centreline too on Monthly).
IMO Dollar will strengthen in 2011 due to mainly EUR & GBP. UK has massive debt problems & Eurozone still to come up with a permanent stability mechanism tool (or whatever they called it). Also I agree with opinions of some analysts that BOJ will not allow YEN to strengthen above ATH, time will tell on that one.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3049223>
useless speculation to know what the dollar index is going to do because its priced against other flawed currencies. The dollar is going to fall priced against real assets like gold, but if everyones printing, you cant really know.