Keep a close eye on US Dollar
The USD index is now at a very critical point (see attached image). If it stays above the neckline at around 94.5, it is likely to strengthen for a while.
However, if it breaks below the neckline, it's likely to go down to 92.4 (near 200dMA) and if it breaks below that level, it will be in a bear market and its reserve currency status will be in real jeopardy.
DISCLAIMER: I'm not a financial adviser, nor a professional trader and nothing I say here is meant to be a recommendation to buy or sell any financial instrument. It is purely for educational purposes. Please don't invest money you can't afford to lose. Always do your own due diligence before trading or investing.
Leave Keep a close eye on US Dollar to:
Best Posts From Crypto Music
We have not curated any of jmsm2's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Crypto Music
- 3 Key lessons if you're doing your Tax Return.
- Silver is at a critical juncture !
- The $USD index is at a critical juncture !
- How to educate your friends easily about cryptocurrency
- Keep a very close eye on Silver price !
- Keep a close eye on US Dollar
- Watch Silver price closely
- Is the Gold and Silver price trying to tell us something?
- Bitcoin's target price - Could Clif High be right ?
- Mohd Rafi singing one of the most touching songs.