The USD is showing strenght
The US Dollar is showing strenght, being
over the 210, 70, and 14 MAs, with a strong
and bullish RSI (64+ weekly, 61+ daily) and
an important cross over in the weekly MACD
(210, 70, 14).
In terms of chartism, we are ending a bearish
trend channel that could be a fake break out,
so we will not necesarily find short-term bullish positions.
We could find bullish positions in leveraged ETFs
over the USD Index, but for now I will just take
into account the bullish trend of the most
important global asset and how could this affect
commodities, equities, bonds, and the global economy.
over the 210, 70, and 14 MAs, with a strong
and bullish RSI (64+ weekly, 61+ daily) and
an important cross over in the weekly MACD
(210, 70, 14).
In terms of chartism, we are ending a bearish
trend channel that could be a fake break out,
so we will not necesarily find short-term bullish positions.
We could find bullish positions in leveraged ETFs
over the USD Index, but for now I will just take
into account the bullish trend of the most
important global asset and how could this affect
commodities, equities, bonds, and the global economy.
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