Member
Posted 19 July 2018 - 08:02 AM
If the base being built over many years on USD CHF is any indication, Dollar could rally for years....
USD CHF has been trying to reclaim the floor at 1.00 for the last 3+ years...
Last week, closed over 1.00 and made its highest weekly close in over a year.
IF/WHEN this thing launches out of this massive base, should be powerful long lasting move...
A weekly close over 1.02 would most likely seal the deal at this point, and could be pretty smooth sailing to 1.20 area from there....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Volume Dynamics Specialist
Posted 19 July 2018 - 08:22 AM
I think the velocity of the current move suggests some panic...
So we can expect some volatility...
Member
Posted 20 July 2018 - 05:55 PM
Looking at the weekly chart USD......the recent candlesticks trying to get thru the overhead 200 week MA is quite remarkable. About 2 months of complete total futility. The only thing that isn't totally bearish on the chart yet is the slope of the 200 week MA, still rising. I think I had commented before on USD.....there is absolutely nothing bullish about it until after it has exceeded the recent high at 103.81, and after it has exceeded the 1989 high at 105.10. Once the 200 week MA rolls over, there will be no hope whatsoever.
