U.S. Dollar Ready For Next Move; Commodities And Equities Watching


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The U.S. Dollar rally has taken a breather, with the King of the currency world trading sideways for the past several weeks.But there is a reason for this pause, as you can see in today’s “weekly” chart of the U.S. Dollar Index.King Dollar ran into its 50% Fibonacci retracement level… and stopped on a dime. And the past 6 weeks have been spent trading in a sideways channel.To Breakout or Breakdown… that is the question.The resolution of this pattern should send an important signal to numerous asset classes in regards to its next intermediate move.The next big move in Commodities and Equities will be highly influenced by what King$ does here!!! More By This Author:Russell 2000 Testing Critical Price Support After Rare 100-Week DeclineBank Stocks Testing Critically Important Price SupportS&P 500 Index Nears Important Long-Term Trend Support

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