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Good morning! 😀End of August --> Time to look at some Monthly charts. What does the latest Monthly candles suggest for the road ahead for global economy? Stay tuned for #HZupdates
Yesterday, I posted this chart for #EURUSD. This is very central, as it provides indication for direction of USD. Major topping pattern - backtest in early 2018 - now targeting <0.9. Notice August candle! Zoom-in chart 2. It seems to be very Bearish #HZupdates
Turning towards Monthly chart for #DXY, we got corresponding candle to what we observed in #EURUSD. Bullish which set #DXY on the path towards min. 111, pot. as high as 120. Trend line suggest we could get there by Q1/Q2 2020. USD strength will create global challenges #HZupdates
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