Is Dollar Doomed in the Near Future?
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| dollar Forecast on 02/03/12 |
I commence with my gratitude to The Creator
At the Dawn of the year, I had posted this chart and forecasted that US Dollar shall have rally in year 2012 and gave a target of $83 and Dollar Index DXY was trading at 78 range.
Thanks God, my forecast came to fruition and DXY rallied to exactly my target $83 and little bit over that.
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| US Dollar Forecast 12-03-12 |
Based upon this pattern, if it pans out then I am looking for dollar index to fall down to $72-$73, once support of $78 is violated. Please see attached the chart.
