USDollar does not look particularly strong | 03 September 2021

US$ Index

covering USD Index, EUR/USD, GBP/USD, GBP/EUR, USD/JPY

(Previous update in brackets)

USD Index Monthly Weekly Daily
92.12 (92.71)
Trend ↑ (↑) ↓ (↓) ↓ (↓)
% Risk
Weight
35 (28) 76 (83) 10 (38)
Allocation 70% (70%)

$Index chart

 


Analysis

03 September 2021 close: The most likely status is a continuation of the US$index consolidation between roughly 90.0 and 93.0. Consolidations are usually best followed in a medium term timescale which is now in higher risk. It means the most likely scenario is for the Index to move towards the 90.0 handle before the market makes up its mind. Several months out. No Change.

27 August 2021 close: The Greenback tried higher making the long term bulls return to the market with their traditional comments calling for a very strong dollar. With all asset classes, except precious metals, now concentrating on cheap money


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Posted in A - All Financial Blogs | 2021 Forecast, FX - USD Index, EUR, GBP, YEN | EYEFORGOLD.

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