US Dollar continues it's run!
I think that the US dollar will continue to rise and if you look on the chart it looks like we have broken out of a pennant or flag of some sort.
We will be reaching the bull extension on the Fibonacci retracement I pulled.
This would make sense if rate hikes are going to continue and also coincides with a lot of peoples view that bitcoin and maybe even equities will continue to slide.
The only opposing view that I have is that I believe that bonds may see some relief -- so, perhaps we see consolidation before another leg up(?)
but this is a long-term view forecasting that the dollar some point will see higher.
Happy Trading
We will be reaching the bull extension on the Fibonacci retracement I pulled.
This would make sense if rate hikes are going to continue and also coincides with a lot of peoples view that bitcoin and maybe even equities will continue to slide.
The only opposing view that I have is that I believe that bonds may see some relief -- so, perhaps we see consolidation before another leg up(?)
but this is a long-term view forecasting that the dollar some point will see higher.
Happy Trading
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.