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US Dollar Index Trend Analysis

Currencies / US Dollar Oct 11, 2019 - 03:23 PM GMT

By: Nadeem_Walayat

Currencies

A good technical starting point would be a quick look at the prospects for the US Dollar.


A quick take implies:

a. The dollar is in a bull market, though in a shallow peak to peak uptrend.

b. Is at resistance of between 99 to 100.

c. Trading higher in a 4 cent trading range,.

Therefore implies to expect the US dollar to correct over the next month or so which is supports GBP strength over the next couple of months of about 4-5 cents so to around 1.27. Beyond which dollar trend strength could bring GBP down off its high by about 5 cents so to the low 1.20's.

The rest of this analysis has first been made available to Patrons who support my work: https://www.patreon.com/posts/british-pound-vs-29840414

So for immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

Scheduled Analysis

  • UK Housing market series
  • Machine Intelligence Investing stocks sub sector analysis
  • US Dollar Index
  • NASDAQ
  • EuroDollar Futures
  • EUR/RUB

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By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2019 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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