Expect Further Downside In US Dollar

June 3rd, 2013
in contributors, forex

Written by , Zentrader

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No changes to the dollar outlook since the weekend report. It's a wild ride in the currency markets and the Gold Daily Cycle is due to make a low this week or the next.

Follow up:

The technicals have turned lower and it’s pretty clear the dollar is headed towards a Daily Cycle Low. Beyond that though, it gets much more difficult to predict where the dollar is headed. My expectation is for further downside because the Investor Cycle has also matured and possibly topped, the signs of it rolling over are now present.

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