Tuesday, April 29, 2008

Prediction for US dollar



I made the prediction for the dollar bounce about two weeks back. See post here.The prediction has been right on with dollar holding the down trendline and showing a nice bounce.

Now with the FED meeting tomorrow and the chart setup in a very nice way, I am expecting the Dollar to hit the upper dotted line before it starts pulling back.
So, you can expect GOLD and other commodities to start running again as the Dollar retreats.

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