Why would anyone want to try TA on a fiat-pair ?
Updated
The valuation of the Dollar or Euro depends on how strong that economy is compared to others. How strong that economy is depends on many factors, trade agreements, war's, treaties, big deals etc. etc.
This chart tells you basically ... nothing ...
Except that under Clinton and Obama the Dollar was stronger compared to Euro, it looks like it might have to do with the POTUS .. but could also be the Europeans messed things up during that time.
The point being:
Who in their right mind would trade the pairings based on TA?!
If TA would be of any significance here this falling wedge should break out to the upside (which it of course will do just to spite me .. )
I sincerely hope it doesn't go up .. i'm trading stuff in Euro that is evaluated in Dollar, a weak Dollar costs me money
This chart tells you basically ... nothing ...
Except that under Clinton and Obama the Dollar was stronger compared to Euro, it looks like it might have to do with the POTUS .. but could also be the Europeans messed things up during that time.
The point being:
Who in their right mind would trade the pairings based on TA?!
If TA would be of any significance here this falling wedge should break out to the upside (which it of course will do just to spite me .. )
I sincerely hope it doesn't go up .. i'm trading stuff in Euro that is evaluated in Dollar, a weak Dollar costs me money
Note
Thank you Trump, Thank you Iran :(Note
like i said before:
"If TA would be of any significance here ..."
maybe on daytrades or scalps you get some halfbaked results ..but longer term ..not a chance
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Note
that played out nicely(adjusted the brown upper line slightly)
forgot why i drew those white dashed line
--edit
remember .. Trump2 vs. Biden scenarios (had them in already :P )
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