Tuesday, 11 February 2014

USD, strong again

Hi Traders,

As it often occurred in the past, I disagree with many traders. I believe that whatever the FED is going to say, the US$ is going strength. Meaning: the weakness of the USD is over and it's going to start a new rally.

Hence, here some of my findings


GOLD, now at 1284, should top around 1290-1300  and resume the downtrend
WTI OIL, now at 100.31, should top around 100.71 and resume the downtrend


AUDUSD, now at 0.9025, should top around 0.9036 and resume the downtrend
EURUSD, now at 1.3667, should top around  1.3698-13700 and resume the downtrend
USDCHF, now at 0.8955, should resume the uptrend to 1.078 and over


S&P500, now at 1802.75, should top around 1810 and resume the downtrend
DAX30, now at 9411.25, should top around 9,900-10,000 and resume the downtrend
FT100, now at 6605, should resume the downtrend straight away
SPI200, now at 5211, should resume the downtrend straight away

ps: apologies, no display of charts this time

Mario D. Conti

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