- Looking for temporary Dollar weakness in the form of a retrace to below 100.
- Followed by next impulse leg up on negative GDP-news
- Fundamentally a US recession is looming
- US slump will translate to a cooling world-economy
- This will trigger risk off and with it Dollar strength
- Volume profile shows strength in upmove
- After the high volume is falling on the way down
- In short: drop below 100 followed by a push above 106
- Followed by next impulse leg up on negative GDP-news
- Fundamentally a US recession is looming
- US slump will translate to a cooling world-economy
- This will trigger risk off and with it Dollar strength
- Volume profile shows strength in upmove
- After the high volume is falling on the way down
- In short: drop below 100 followed by a push above 106
Sultan of Swing
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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.
Sultan of Swing
Disclaimer
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.