Estimated rate of monthly change 5.8%
Jan to feb had a change of 5.8% hence the projected movement of price this month is up or down 5.8%.
Price having expanded beyond 5.8% to the south, hence there's an expectation of pull back to the 0 level atleast.
This shows dollar to be extremely undervalued. While it is fundamentally strong, the short term volatility may soon favor the long again.
The interest rates, the existing ones are still remaining in force. And that is not changing anytime soon.
Japan historically remains dovish and a lot of mechanics world wide will change drastically if it changes it's interest rates. After all, Japan is doing well internally.
As a speculator, i would be expecting to not change what works. And usa are slowly clearing house knowing the current biden admin will be changed soonest upon election.
There is opportunity and the bang may happen when dollar moves to the upside.
Dollar is still the best and most trusted currency. Yen is the next. Euro is 3rd most loved.
Price having expanded beyond 5.8% to the south, hence there's an expectation of pull back to the 0 level atleast.
This shows dollar to be extremely undervalued. While it is fundamentally strong, the short term volatility may soon favor the long again.
The interest rates, the existing ones are still remaining in force. And that is not changing anytime soon.
Japan historically remains dovish and a lot of mechanics world wide will change drastically if it changes it's interest rates. After all, Japan is doing well internally.
As a speculator, i would be expecting to not change what works. And usa are slowly clearing house knowing the current biden admin will be changed soonest upon election.
There is opportunity and the bang may happen when dollar moves to the upside.
Dollar is still the best and most trusted currency. Yen is the next. Euro is 3rd most loved.
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