By: Bradley C. Smith
The trend, being your friend, is best adhered to when it is this strong. Even though Bollinger Bands, Full Stochastics, StochRSI and RSI are in their depths, they are not a window into the future, only a mirror to see what is behind us. The TIC Long-Term Purchases forecast, foresees a fortunate future for the USD, our friend will enjoy this.
Trading houses able to move the EUR/USD, have decided there is a stronger Dollar than many might have thought weeks ago and have laid their money down and moved this pair down as a result, at this week's open. The three hour timeframe will again be useful for finding candles that encompass a large range and that have also closed up because the price will likely follow the trend after this candle closes.
9:00am est USD
TIC Long-Term Purchases Forecast 50.5B Previous 47.1B
