DXY Broken Resistance, Long Target @104.5-105.00 areaEvery trader noticed the extremely bullish week the US Dollar had. UJPY, UCHF and many others went up and AU and those ones went down very strongly. The question we must ask, is will this newfound dollar strength hold? And if it does, then for how long?
I think the answer to that question is that it is likely to go up to the 105.00 area, perhaps slightly less than that, so maybe 104.50 to 105.00 zone. Along with this, USDJPY and USDCHF will likely go up, both of which presented me with long opportunities as the markets closed.
Will be looking at where DXY heads next week.
Bullish for now.
Strongbuy
GALE FORCE - COULD BE A GREAT RETURN - PENNY STOCKWith stocks the next few weeks can turn potentially volatile with investors digesting rhetoric from Fed officials on interest rate decisions as well as election results.
And i do like the look of Gale most part due to the very appealing potential this pennystock has, with a 52 week range between $0.26 - $2.49 thats over 850% price movement. currently at 52week low but looks like it may have found support around weekly pivot with some respectable divergence from RSI. Earnings are up considerably this year which could be a positive turn around while many analysts are now listing between hold to a strong buy with 1 year targets @ $1.15 + 350%.