After reviewing numerous currency charts over the past few weeks, it is becoming clear that the market is at a major inflection point.
Based on the Technical Analysis of the Canadian dollar, Japanese Yen, British Pound, Australian dollar and Euro, it seems that the time for a breakout of the US dollar is now.
Consider the Chart:
At this time, we can expect a breakout to the 84 level, some consolidation, a back-test of the green trend-line, and then a push toward our upper target of 88 to 89.
If this plays out as expected, awe can look for a significant correction in the stock market, and renewed interest in bonds.
TLT looks like a good bet here at 118 currently with potential of 129 to 130 by the time the US dollar hits the 84 mark.
Based on the Technical Analysis of the Canadian dollar, Japanese Yen, British Pound, Australian dollar and Euro, it seems that the time for a breakout of the US dollar is now.
Consider the Chart:
At this time, we can expect a breakout to the 84 level, some consolidation, a back-test of the green trend-line, and then a push toward our upper target of 88 to 89.
If this plays out as expected, awe can look for a significant correction in the stock market, and renewed interest in bonds.
TLT looks like a good bet here at 118 currently with potential of 129 to 130 by the time the US dollar hits the 84 mark.
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