The longer- term bearish outlook on the US currency remains valid.
Further medium - term range trading is preceding the eventual bear trend.
We “ await” US presidential election and then “await” the FOMC meeting.
Then we will “digest” the results before “awaiting” the next important economic figures….
Our longer- term bearish stance on the Greenback remains valid and is ongoing.
Recent gains have, however indicated that the 18-month-old consolidation phase remains in force, effectively postponing the larger bearish potential.
The long-term monthly analysis confirms the respective weekly views.
The US presidential election and upcoming FOMC meeting could result in volatility, but this report does not take any fundamental drivers in consideration as a purely technical outlook.
Users can overlay and include their own perceptions and analyses.
While the longer- term bearish outlook on the US currency remains valid, medium- and short-term outcomes were adjusted since last week’s report.
The alternative outcome of consolidating market action was validated by extended short term appreciation beyond pivotal levels.
Further medium - term range trading has postponed the still relevant and eventual bear trend to new lows.
The weekly US Dollar technical analysis update.
The month – end longer term technical analysis update on the US Dollar.
Trend focus- Analyses that can quantify strong trends are crucial for return and profit generation.
This report attempts to highlight trending potential for 2024.
Please note that this only approximates possible timing of trends, assuming that our market action analyses are correct.
It would be arrogant to accurately pinpoint both market action and the timing thereof.
The US Dollar weekly update.
The weekly US Dollar technical analysis report
A report with the US Dollar outlook for 2024.
The report covers the long, medium and shorter term outlook.
The intention is to highlight the relationship and confirmation of a view over various time horizons. It is crucial for the various analyses to align.