After the prolonged down trend the U.S. dollar witnessed from 2002 to 2008, the greenback entered a phase of sideways movement, clearly illustrated by the symmetrical triangle formation. Meantime, volatility has been on the decline for more than a year, which is clear on Bollinger bands as bands squeeze, low volatility periods are usually followed by sharp breakouts.
I expect the U.S. dollar to breakout higher, and thus look to long the USD, looking for a new bullish trend that may start soon and extend to the upcoming few years.
Good Luck, join me at : twitter.com/thefxchannel
I expect the U.S. dollar to breakout higher, and thus look to long the USD, looking for a new bullish trend that may start soon and extend to the upcoming few years.
Good Luck, join me at : twitter.com/thefxchannel
