The dollar index will be the driver for the next week, geo-political tensions, trade war and some economic data will still move the market in the short term. From a technical point of view, the index has reached our bearish target around 88.50, and from this area has triggered a good rally. With this in mind, what's next? To find some answers, we must remember what we said two years ago, do you remember? Open the chart below:
If the Fed does not change monetary policy, this view could be correct... what do you think?
If you think this analysis can be useful, leave a your comment or your ILIKE! Thank you for support and trade with care!
welcome back mate - trading view needs guys like you
Victor.Y.F
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Thank you Sir! The 95.231 can work as a break level for higher to 102 before FRB devaluate it again. The stock market should crash into summer in a condition where we have many risks. This’s saying Euro can go lower after some bounce.
fract
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:)
GoldenRatioTA
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What are the implications for precious metals, in your opinion?
TheAnonymousBanker
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@MRZSKV, Precious metals may remain slightly under pressure, but they may be supported by other factors
GoldenRatioTA
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@SignalSwiss, I guess you are referring to geo-political tensions (e.g. Iran) and the "big scare" coming from the Italian banks potential collapse?
TheAnonymousBanker
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@MRZSKV, Yes, of course, these could be some factors to support