Do you believe in the Super-Dollar ?

I do believe in super-chart proving that technical work is always a step ahead of fundamental data or events .

Recently we have all this buzz about FED hiking rates in December driving the Dollar to make new highs above 100 which I’m not seeing it happens at least till we see another pullback because the DXY is facing a strong resistance zone and only a strong breakout above 98.5 will invalidate this scenario.
At the same time USDJPY back retesting resistance around 122 and even If it can go higher to 123.6 It will end up correcting the whole up move from August lows .

USDIndexDaily 05112015 USDJPYDaily1 05112015

Both ECB & BOE with their dovish views drove EURO & POUND to important daily support which should hold for at least a bounce in the coming days before we can decide the best path

EURUSDDaily 05112015GBPUSDDaily 05112015

Tomorrow we have the NFP number so from my point of view I don’t care if it’s a better or worse one , I’m only expecting a move lower for the dollar next week which could start after the Data release .


Full time Trader & Analyst