Trump Speech a Dollar Bust?

Good Morning! The USD is in the limelight again today. It has failed to better the February 15 high at 101.75, giving USD a sharp Wave 2 correction last week. Yesterday it bounced off Intermediate-term support at 100.73, but was unable to even match its 50-day Moving average at 101.37. This morning’s high was 101.22. The Cycles Model suggests the next Master Cycle low may be due on March 8, but could extend as much as another week beyond. A Pi date occurs on March 13, which matches up with a possible low in SPX as well.
The Market Oracle

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Trump Speech a Dollar Bust?

Good Morning! The USD is in the limelight again today. It has failed to better the February 15 high at 101.75, giving USD a sharp Wave 2 correction last week. Yesterday it bounced off Intermediate-term support at 100.73, but was unable to even match its 50-day Moving average at 101.37. This morning’s high was 101.22. The Cycles Model suggests the next Master Cycle low may be due on March 8, but could extend as much as another week beyond. A Pi date occurs on March 13, which matches up with a possible low in SPX as well.
The Market Oracle

, , ,

Comments are closed.