Notice the two Fibonacci grids on the $USD index chart. Both are the same size. You can see that the recent dollar rally is 1.618 times the size of the previous one. Also if you go deeper and analyse the current advance it has two legs, and they are also close to Fibonacci ratios. RSI is oversold and CCI is showing negative divergence...We are probably pretty close to the end of the dollar rally...This would be good for Gold and Oil and ultimately stocks in those commodities...
No comments:
Post a Comment