DXY has been dropping for a good while now and I expect the price of DXY to drop more in the coming months to atleast 91.00 and then drop more, you can see my other analysis with my prediction of it reaching 88.50 area. This will mean more upside for Gold & Eur/Usd & Gbp/Usd & Aud/Usd, Usd/Jpy is not moving along as i would expect so I dont correlate it anymore...
Dax is following the pattern of a Descending triangle, the high's are getting lower with each wave, I expect a breakdown to 12600 soon like the arrow in my chart is showing. Safe Trading!
EUR & USD are on their way to converge (coming together) as you can see in my analysis. I expect EUR/USD to bounce on the red line and continue its bearish trend and USD to bounce on the green line to continue its bull trend until they converge. Meanwhile while thats happening, Gold should keep rising & USD/JPY should keep dropping until both EUR & USD make that...
EUR & USD are on their way to converge (coming together) as you can see in my analysis. I expect EUR/USD to bounce on the red line and continue its bearish trend and USD to bounce on the green line to continue its bull trend until they converge. Meanwhile while thats happening, Gold should keep rising & USD/JPY should keep dropping until both EUR & USD make that...