I am back to what I have seen for some time
now, which is the possibility of returning to the levels of 2014 and 2013. If
the technical outlook for the weekly and monthly charts is intact, we are
moving towards a return to levels we have already experienced over the years
2013 and 2014
The main currencies go in that direction in
parallel with each other and you always find reasons either news and
geopolitical that reinforce that trend or find technical reasons that drive
towards that direction
The dollar is strongly supported by low oil
prices for below $ 30 a barrel, in addition to the Trump puzzle in its need for
a cheap dollar
The Eurozone is recovering from a realistic but
highly realistic economy in Germany
Britain managed to restrain the pound and
allowed a lot to go before it started to put it in a balanced position and a
fair trading rate, even if there was no British exit, we were trading at levels
close to 2 dollars per pound
Gold is also trying to reach the 1500 levels
but it does not have enough momentum as liquidity leaks into equity markets on
the one hand and the cypto craze on the other
May need to retreat towards the 1200 levels
before targeting the 1500 levels
So I bet on the following levels
EUR USD 1.35
GBP USD 1.69
USD JPY 123
EUR JPY 140
GOLD 1215 then 1500
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