So now the dollar has topped? First long then short.
It looks like the dollar-index is topping this year. I smell a plunge in 2016, but I could be wrong. That is something that must be said ofcourse.
All fundamental traders are waiting for a rate hike but there won't be any. Not soon, at least the dollar has to meet 80's for a hike. That is why it might spike in december followed by a collapse.
My chart shows me a potential Head and Shoulder pattern could be formed here. Very early to tell but I think the rsi trendlines also show more up to come on the weekly chart.
All fundamental traders are waiting for a rate hike but there won't be any. Not soon, at least the dollar has to meet 80's for a hike. That is why it might spike in december followed by a collapse.
My chart shows me a potential Head and Shoulder pattern could be formed here. Very early to tell but I think the rsi trendlines also show more up to come on the weekly chart.
