The dollar is now four days into its final "bloodbath" phase, which usually lasts 5-7 days. We should get a bottom this week.
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Expect A USD Bottom Sometime This Week
Published 05/22/2017, 10:08 AM
Updated 07/09/2023, 06:31 AM
Expect A USD Bottom Sometime This Week
Latest comments
Added...this can't be true or Kathy, another analyst on here, her prediction can't be correct if this one is correct...js
Core durable goods is out tomorrow, if it's not good, dollar will still go down
u were right thnx.we have a bottom now so what do u expect to happen 2 gold?
Why you say that, are you paid to do so?
We know that interest rates are expected so USD will be stronger.
Wrong about everything. We didn't get schooled about daily cycles in metals. Wasn't gold suppose to be 1400+ by now? Fool me once. The USD is not even close to bottoming. 92 next target then 80. Low 80s a year from now. Count on it.
USD will be down 10% against EUR/CHF/GBP within a year
Yep. Expect continued weakness. But a good chance it will go into a stalling pattern around 95 first
Very insightful yet your predictions always seem to go in the wrong direction.
I don't know if the drop is going to stop this soon. Also you were wrong on your gold forecast from a week ago stating that gold would go up for a few days and then have a significant pull back.
I have a big position in at 96.71 long side forward contract.
Very insightful, thanks for the quick update and charts Gary.
it looks like this is the case; one has to be very vigilant for a strong u-turn. but also possible is that the $ continue to decline for couple of months to come.
Hi are u from India? The reason behind asking is I like forex trading but I can't do cause it is illegal in infia
Wrong analasys today $ hited bottom and correction comming..
Desensitized by the news lately. In all aspects worldwide. Can't find a word to articulate such a huge influx of extreme volatility.
wouldn't it be like this to find a bottom? I m learning still so just asking about how its wrong here if it is...:)
So headed lower then? Thanks
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