Weekand give a room to review and rethinking, find something idea, something hidden before. It is about US Dollar, how the are true real condition?, where is the dollar can be go in future?. Can I predict here? Can my prediction is true?
Below is graph index USD whith time frame monthly,
After low around 70.00 in 2007 and get high around 90.00, the range came close. From Feb 2012 until now standing betwen low around level 77 and high level 85. So what the chart can say? Chart say "this is nothing, this is flat patern", what the mean? In this pattern market can be have two direction out above 90 or below 70. It condition is very interested, because the fundamendal economic cann't some direction with currency direction. Market can find new area for new direction. So if you look dollar can be down or dollar can be up, it still in opinion. The can be not same with your direction, from chart is no sound.
In this year, three currency have the nice moveman. First JPY, starting up from Januari until May and consolidation until now,
Second is GBP, down from Januari and this time rebound near in January price again.
Three AUD, down from April and still not rebound until now,
So where is the dollar can go? Two curenncy EUR and CHF still not going anywhere, stay in the same price around January. Can the dollar going down? Shutt down in US Gov situation not make a dollar down,why?, but the price still in deppress situation. Can are you dream how to make dollar up from this level if are you can drive market?
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