Tuesday, 4 October 2016

US Dollar looks to move higher

The last thing the US needs is a higher US dollar!
image1

Higher dollar is due to:
1) Expected higher US interest rates
2) Less $USD in the world, as other pay back $USD loans
3) Demand for $USD dollar assets for safety.
4) Expected trouble in the European bank circles.

A higher is dollar is not good.

Below we have a very obvious accumulation pattern, watch this, a break out higher will be on news that wont be good for the world.


DXY



Original Post: http://ift.tt/2dIqkPU