Since EVERYTHING hinges on the USD, it is important to see where we are at the moment. Today I have simply taken a Multi-Year Monthly Candle Chart, and taken a basic Fib overlay to identify a possible Top. What I found is that, although the USD could have more life in it, the upside seems limited. Also of note, we have a MONTHLY RSI/Stochastic nearing overbought levels. Any break above the red line I laid down, would be BEARISH for all Risk Assets.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.