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.
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.