Since the Federal Reserve has pumped so much money into the American economy, it has created a delusion on which they made the market sort of stable for the consequences of Covid-19. But this stable economy won't last long. The future of the dollar against a major currency, let's say the Euro looks grim. It created an overvalue which will cause a bearish move on dollar.
My predictions tell me that the whitering of Galapagos will go further to a value between 170 and 160. This will happen in a time period of around 2 months. Same as it did in October when it had suffered a withering of around €30,- in a time period of 2,5 months. It seems that after the price of Galapagos has reached the lowest point of 160 it will begin to grow...
Based on the a recent pattern from AUD/USD I am expecting a slight growth before the value will go down heading for the old low value of 0,66999.
I'm not experienced in the explanation of my predictions and what it is based on but I have been right ever since I started researching the NZD/USD option.