above 1.22 leads to 1.32 i don’t believe the trend is broken and im still bearish on the dollar from a macro perspective
again not sure which level will hold, but macro bias still bullish. holding physical & DCAing into $BTG $GOLD $GDXJ $SLV $AG $FSM $AEM
i believe the S&P can reach 4500-4900 before a long term bear market, not buying it. only in energy & metals. just wanted to update this idea.
I expect the S&P to be back to trading around $1800 in 2021 maybe early 2022, will not share reasoning because I do not appreciate my thoughts being stolen without credit. not investment advice, just my opinion. i will consider buying the index under $1800.
The dollar will continue to decline this year from a technical and fundamental perspective. From continued fed printing, a zero rate environment, still a weak labor market, and Biden’s handling of the pandemic I see a further decline.
looking for the gbp to out perform the swedish krona big time, don’t think there’s any explanation needed we should all know the fundamentals
in 2020 my main focus was selling the dollar by buying the euro & pound. now that those moves have significantly played out, i still believe there is more long term upside... however as far as opportunity goes in terms of building a new position trade, i’ve shifted my focus to eurgbp shorts. i strongly believe this can be the trade of 2021 and i will remain...
possible distribution on fiber paired with jobs data rebounding last week + equities finally seeing a bit of pressure could lead the euro to being put under pressure. a trader willing to take on risk could look to enter on UTAD, but a more conservative entry would be upon the test phase of this cycle. good luck and stay safe everyone :)
i believe tho dollar can sell of long term from here
strong break of 1.1020 will confirm a shift from supply to demand and complete a higher time frame accumulation
Intraday/Swing traders can look for 1.1130 & 1.1230-1.1250 as upside objectives. From a position trading perspective this has much more potential if you refer back to my idea on the monthly time frame.
resistance levels are 1.2750, 1.3200, & ultimately 1.4300 due to Fed actions would like to see a return to 1.4300