USD Short
Updated
Continued idea from before.
For some reason there is a delusional expectation that the USD will rally due to Trump and "interest rates". I strongly believe it will fall during 2017.
Strong bear divergence in the RSI, as well as the fact that the RSI has rolled over.
For some reason there is a delusional expectation that the USD will rally due to Trump and "interest rates". I strongly believe it will fall during 2017.
Strong bear divergence in the RSI, as well as the fact that the RSI has rolled over.
Note
There will be a mountain of issues regarding the USD during fiscal 2017; all other countries are easing while the fed talks "raises", Trump will test relationships globally, and the Eurozone is struggling to survive.The fed and government both do not want to have a high USD, and I believe globally people will turn further towards precious metals, rather than the USD.
The USD is only currently showing decent strength because the rest of the world's currencies are extremely weak, not because the US is strong.
Note
Just look at that wick forming on the 1W, this thing looks primed to tank to sub 100 levels in the near future.
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