The US Dollar is currently in a crucial position as it attempts to surpass a significant resistance level [known as S1] despite being technically overbought. This level has previously acted as both a support and a barrier for past movements.
We are continuously monitoring the correlation between the US Dollar [white] and all other asset classes [orange] in the hopes of detecting a shift from the current negative trend, but there has been no significant change so far.
If the US Dollar does break out, all other asset classes may react violently.
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Food for thought: US Dollar Breakout Warning
The US Dollar is currently in a crucial position as it attempts to surpass a significant resistance level [known as S1] despite being technically overbought. This level has previously acted as both a support and a barrier for past movements.
We are continuously monitoring the correlation between the US Dollar [white] and all other asset classes [orange] in the hopes of detecting a shift from the current negative trend, but there has been no significant change so far.
If the US Dollar does break out, all other asset classes may react violently.