Dislikedheres a monthly dollar chart...i added another FVG so the youngsters will unnerstand is there anyone with a sane mind that still thinks the dollar will breakdown thru that 13 month support range ? it might happen but would have to be a catastrophic usa event for the dollar to drop thru that support this year so why be vboolish GU except intraday trading i like disappointing dollar haters so to me price will go back to 115 in the next democratic administration...remember the other chart i posted of dollar reaction to dem and repug presidents ...Ignored
don’t forget that gbp is not really affecting much the usdx which is mostly affected by eur.
indeed eur gbp looks really in overall downtrend,
we are closed to a support on it (eur gbp i mean) seen on daily approx 60/70 pips lower . Once price will meet support, then we might see a bearish pressure on cable. (Or a bullish pressure on eur. lol)
I mean, ok the usdx tells a story, but the whole is more complex imo. And gbp sometimes pairs the usd… sometimes they simply go strong or weak together.
what I personally consider as strange is last week’s moves on cable. It went down just few pips on bad data, and came back up at day open. When this happens, I suspect that whatever the reason, whatever the techs say, we more likely will se an higher price soon. Then, after that, when an uptrend shows up… it will get back down.
saw this happening already in the past.
Yesterday was the past
2