The dollar sold off strongly on Friday and pushed a number of currencies to longer term support/resistance levels and reversed the intermediate bias in the process. Our members can have a technical look of a number of the currency pairs offered by Cashflow Trader, as we head into the new week and the middle of the 3rd Sales Qtr...
It looks like the USD is going for a very large fall over the coming months. The Flag pattern on Cable (Sterling) indicated that there is a anywhere up to 2000 points move to the upside over the coming months. With the amount of money that has been printed by the US Federal Government is going to have massive pressure on the USD to the downside and would be wary of investing for the long term in the US Dollar denominated assets.
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