[USDX] Greenback faces turning point 2018 1219

Dollar Index weekly chart, source:FXSTREET.com

The global economy in next year is expected hard landing by a lot of economists and analysts. Major markets 2.1 percent according to Goldman Sachs.

The hard-landing economy makes investors to turn back to safety asset such as gold, bonds and U.S. dollar, and the gloomy forecasts agree with strong greenback as was in this year.

But the easy prospect may not be approved to investors. Bloomberg reported that JP Morgan Asset Management predicted weak U.S. dollar for years. Jerome Powell, the chair of Federal Reserve System spoke U.S. benchmark rate below the neutral rate in last month and greenback dived.

The momentum of dollar still leads dollar long, others short. But we need to cognize the sudden turning point.

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Gjallarhorn, Heimdallr, USDX, dollar index, 걀라호른, 헤임달, 달러, 달러인덱스

[EUR] Still Strong Greenback 2018 1115

cf. [EUR] Still Strong Greenback 2018 1114
cf. [USDX] Long Bias on US Dollar Index 2018 1109
cf. [EUR]Strong Greenback 2018 1031

The fundamental of Euro doesn't support the long bias of currency pair EUR/USD or futures of euro, Euro-FX. The consensus of GDP in Euro zone, next year is expected to 1.9 percent adjusted 0.1 percent point from 2.0 percent, and EU authority requested the adjusted Italian budget plan but Italy authority reportedly does not submit the revised budget plan. The negotiation about England's leaving, Brexit raises the uncertainty to euro. But the market participants predict U.S. Fed will raise its benchmark interest rate, Federal Funds Rate in December.

Greenback, the key currency in the world has risen, and its trend is expected to keep upward trend. Some economists think U.S. economy passed the peak and will lower its GDP growth rate. But the long bias to greenback is effective in mid term.

The weekly chart of currency pair, EUR/USD tries to build Head-and-Shoulders Pattern which signals price down. We need to watch the market of EUR/USD with short bias, that is, Buying US dollar and Selling Euro. The four-hour chart shows the price of the pair rising since Tuesday, but it tries to pass over 20 Moving Average. If the price continues to rise the price should face the correction, and its hike lose its power. If it make the price-rising pattern, double-bottoms pattern or reverse Head-and-Shoulders pattern, the price will fall to 1.1230s. The price in the one-hour chart contacted 120 exponential Moving Average and tries to rise again, but it may fail and turn down.

e-mail to - kmuk001@gmail.com
Telegram - @morgenluft


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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화================

[EUR] Still Strong Greenback 2018 1114

EUR/USD four-hour chart, source:FXDD.com

[EUR] Still Strong Greenback 2018 1114

cf. [USDX] Long Bias on US Dollar Index 2018 1109
cf. [EUR]Strong Greenback 2018 1031

The fundamental of Euro doesn't support the long bias of currency pair EUR/USD or futures of euro, Euro-FX. The consensus of GDP in Euro zone, next year is expected to 1.9 percent adjusted 0.1 percent point from 2.0 percent, and EU authority requested the adjusted Italian budget plan but Italy authority reportedly does not submit the revised budget plan. The negotiation about England's leaving, Brexit raises the uncertainty to euro. But the market participants predict U.S. Fed will raise its benchmark interest rate, Federal Funds Rate in December.


Greenback, the key currency in the world has risen, and its trend is expected to keep upward trend. Some economists think U.S. economy passed the peak and will lower its GDP growth rate. But the long bias to greenback is effective in mid term.


The weekly chart of currency pair, EUR/USD tries to build Head-and-Shoulders Pattern which signals price down. We need to watch the market of EUR/USD with short bias, that is, Buying US dollar and Selling Euro. The four-hour chart shows the price of the pair rising since Tuesday, but it tries to pass over 20 Moving Average. If the price continues to rise the price should face the correction, and its hike lose its power. If it make the price-rising pattern, double-bottoms pattern or reverse Head-and-Shoulders pattern, the price will fall to 1.1230s. The price in the one-hour chart contacted 120 exponential Moving Average and tries to rise again, but it may fail and turn down.





e-mail to - kmuk001@gmail.com
Telegram - @morgenluft




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https://www.facebook.com/heimdallr999/
http://morgenluft.blogspot.com





Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화