BESIDES THIS, WE DO NOT THINK THE US DOLLAR IS DEFINITETLY AT THE LONG TERM UPTREND CYCLE MOVE SO LONG EXPECTED.
(A) IS THE SAME PATTERN IN 120 MIN (BELOW) AND IN DAILY CHART ABOVE.
IN THE LAST POST WE CONSIDERED THE DX IN A SHORT TERM TOP... BUT ...WE BETTER STAY TUNED TO FOLLOW HOW LARGE IS THE PRESENT MOVE DX 120 Min TIME FRAME.
EVEN IF WE COMBINE WITH THE BULLISH PATTERN IN THE DX DAILY CHART ABOVE.
IF YOU COMPARE THE ACTUAL CHART WITH ITS EQUIVALENT IN THE LAST POST THE PREDITION IS ALMOST COMPLETED EXCEPT FOR THE YEN.
IN THE NEXT POST WE WILL TRAY TO STABLISH THE DIFFENCE ON THE RELATIVE STRENGTH, THAT IS THE MOST DIFFICULT PREDICTION ISSUE ON FX MARKET. NEVERTHELESS I AM NOT VERY CONFIDENT IN THE DURATION OF THE CABLE MOVE.
AGAIN WE WERE CORRECT IN OUR PREDICTION ABOUT THE UPTRED OF THE BP.
THIS TIME THERE ARE A CORRELATION DEPENDINDG WHICH ONE IS THE STRONGER/WEAKER IN THE PRESENT CYCLE. YEN AND CABLE SIDEWAYS.
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Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance. Opinions and estimates reflect a judgment at original date of publication by FOREX CRITERIA and are subject to change.Foreign currency and financial instruments are subject to fluctuations in exchange rates that may have a positive or adverse effect on the value, price or income of such Investment.FX trading uses complex instruments, typically involve a high degree of risk and are intended for use only to sophisticated investors who are capable of understanding and assuming the risks involved.
