Critical Moment in Forex Markets

We appear to be at a critical point in the Forex Market, particularly for USD pairs. USD had regained it’s strength since the 2008 downturn, but now, we appear to be at a point where we could see a continuous downward trend in USD for many years to come.

Check out the Dollar Index DXY

The Dollar Index formed a major double top on the monthly and crossed the neckline. Followed by that we had an inside month bar, pointing to the bottom with a breakdown this month. What this seems to indicate is that we’re going to see a breakdown in the dollar for a very extended period of time.

It’s one of those turning point moments in the market, which one sees only in decades. There has never been a better time to trade the Forex markets. Several USD pairs demonstrate similar patterns, with USDCAD breaking down, EURUSD making a major double bottom and NZDUSD and AUDUSD about to break the downtrend.

Be on the look out for more specific trades on these pairs.