Thursday, March 7, 2013

A WARNING????

US $$



3 comments:

Anonymous said...

The USD was VERY strong again after NFP data on Friday. Does your chart indicate it should stall and perhaps revers soon, or accelerate higher?

Thank you.

Fibocycle said...

I am expecting a spike high sometime over the next week--which I believe will be followed by a CORRECTION...possibly into the end of the month..25th-30th...at which point I expect to see the bull reassert itself.
Multiple contract longs could lighten up their position and take some profits using tight stops.

However, over the intermediate term I think that the $$$ has higher to go before longer term cycles begin to pull it down.

Fibocycle said...

http://www.businessinsider.com/morgan-stanley-on-us-dollar-2013-3