The dollar looks well positioned to continue strong. We may have just completed a Long-Term correction and are now at the beginning of a longterm bull-cycle.
I wouldn't look to short the dollar on a longterm basis going forward, I think a better strategy is to buy the major corrections as USDZAR ticks higher.
LONGTERM VIEW:
ALTERNATIVE SHORT-TERM count (showing why a short could be detrimental)
I wouldn't look to short the dollar on a longterm basis going forward, I think a better strategy is to buy the major corrections as USDZAR ticks higher.
LONGTERM VIEW:
ALTERNATIVE SHORT-TERM count (showing why a short could be detrimental)
Note
We are well within a 4th wave, and nearing another buy opportunity.Note
We got the 4th-wave retracement and now it looks like we may make a play for a 5th.Note
based off how deep we retraced, watch out for a wall just below 12.8..if we fly through it, then that opens up 12.94Note
Great call for a top. We came right out of the "watch" zone and are dipping precipitously
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.