DXY vs EUR/USD: some moves
Updated
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Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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US dollar is seen to weaken throughout 2019. For easy reference please find below some forecasts made at the end of 2018. - fxstreet.com/analysis/dollar...
- reuters.com/article/us-dolla...
- bloomberg.com/news/articles/...
- cnbc.com/2018/11/29/forex-mo...
There are plenty more if you type "US dollar 2019 forecasts" on Google. However, whilst this may help to gauge the general sentiment, even if the narrative is bearish, it does not mean that it will weaken.
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Questions:a) The run that DXY made from 88 (Jan-Apr 2018) to 97 (Nov-Dec 2018) could then be a bear rally?
b) If so, where is the Bear Market? (Bear Market Rally refers to a short-term price increase in a stock or market amid a longer-term bear market /terms/b/bear-market-rally.asp#)
c) Could DXY have entered a Bear Market when Trump become the 45th President of The United States of America?
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Click & Watch the following:
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What is a Bear Market RallyBear Market Rally refers to a short-term price increase in a stock or market amid a longer-term bear market period. Investors can sometimes misinterpret bear market rallies as markers of the end of a bear market, and so they must be treated with caution. investopedia.com/terms/b/bear-market-rally.asp
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X is when Trump's presidency beginsA to B is the bear rally
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