Outlook
Fundamentally, my sentiment for the fourth quarter is the dollar regaining and bouncing back with possible stimulus package and the elections of course. Thus a swing at the 21 September yearly low is highly probable.
For the week, the dollar has been retreating against the Loonie, as it dropped across the board, today with the DXY losing -30% for the...
My sentiment for the 4th quarter is the US dollar regaining after taking a beating for the most part of 2020.
Most of it will depend on the success of another stimulus package, also the outcome of the Presidency election.
Technical
- Breakout of key trendline. We could see a retest and then correction.
- The index technically bottoming, with hopes of regaining....
Swiss looking choppy in the dailies, this is amid US fiscal stimulus talks.
Technicals are choppy but the 5 Wave principle favorably looking BULLISH, also coinciding with the $ Index analysis.
Will be interesting to see the next weeks.
