By performing some cross analysis, one can almost foresee what will probably happen short-mid-long term in the different assets.
So lets begin:
USDx - As mentioned in earlier posts, there are a couple of gaps to be filled together with MACD must-reach bear targets towards the 76.66 level. 76.00 is also a a MACD bear target and aprox. the 50% retracement level.
GBPUSD - Overdue confirmed MACD bull divergences point to the 1.6088 level aprox.
EURUSD - There is a clear gap to be filled @ the 1.3382 level. Also a clear divergence on the 8H chart pointing towards the 1.3936 level.
USDCHF - Bear MACD divergence pointing towards the 0.8646 level.
DOW - MACD bull divergence on daily confirmed by RSI pointing towards the 11700 level.
SP - Also a MACD bull divergence confirmed by RSI on Dailies pointing towards the 1228 level.
To sum it all up, we should see a drop/correction in the USD coupled with a short term rally in equities and probably in commodities too.
Lets wait and see what happens.
Cheers to all.
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