USDOLLAR INDEX H4 FORECAST NEXT WEEKUSDOLLAR INDEX H4 FORECAST NEXT WEEK: I think price will drop into 72Fib and then move up to 162Fib.
But i have doubts about the upmove to 162Fib since both COT-data and accumulation-levels signal bearish developments.
Another conflicting source is the seasonal chart of the USDX . This chart show clearly that USDX weakens in pre-election period.
Usdx
GOLDLooks like gold still has some momentum. Todays fed decision to leave rates unchanged gave gold a bit of a boost but in early Asian session gold has given back its gains. Short term trend is still bullish.
I'm carefully bullish for now. Keep in mind that Gold and Silver ratios still suggest one more mayor move to the downside before the big move up! The question now becomes are we going to create new lows from here??
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$GBPUSD MM SELL TRADESlightly Late Publication. Traded right into -OB and had good reaction. Expect Price to be Bearish throughout the WEEK.
Take Profit Target 1 @ 1.5380
Take Profit Target 2 @ 1.5200
Tage Profit Target 3 @ 1.5100
Watch this space as I will be posting more ideas to support this view and I will also be frequently small short entry opportunities and possible scalp trades whilst the bigger trade unfolds.
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