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USDGBP

USD index bearishThis is just an update to a previous post that pointed to strong bearish divergence in the DXY, Target was 83 - raised to 85 but possibly lower, Competitive devaluation of the USD a side-effect of Fed over-reaction to a supply side disruption that lower interest rates simply cannot help. Rates now significantly negative in real terms, with a possibility of soon going negative in nominal terms as well. Demand for what is perceived to be riskier and riskier treasuries will be lower domestically and from overseas. At some point treasuries will become under subscribed and then we will be in a similar situation as inter-war German Weimar Republic. Take the reduction in relative purchasing power or buy gold and silver.
TVC:DXYShort
by flyinkiwi10
GBPUSD Jan 22, 2020This pair is about to drop down to strong support which has been tested 3 times (in my opinion) and therefore we have a strong support level. We can see on the 240-minute (4 hours) timeframe that we have rejection on the trendline and our RSI is over 50 which means that we are in an overbought position. Therefore I am willing to short this pair. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by Mete_forex