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Saturday, 18 August 2012

US Dollar: 18 August 2012, Saturday, 7.00pm

US Dollar Technical Analysis: 18 August 2012, Saturday, 7.00pm

US Dollar is still in a strong and healthy uptrend. It will be foolish to be bullish of the financial markets, commodities and oil. 

Financial markets in Europe and Asia to remain in a BEAR MARKET;
Commodities to remain BEARISH;
Euro to remain in BEAR MARKET;
Oil to resume BEARISH;
Gold at INFLEXION/BEARISH

USD Price Satisfaction Target of $85.10-$86.10 has not been satisfied yet. Short-term still in downtrend consolidation, Mid-term Sideways consolidation and Long-term Uptrend.

Financial Markets in Asia and Europe are currently in short term uptrend (ENDING SOON BASED ON DONOVAN FUNDS FLOW ANALYSIS), Mid Term Sideways and Long Term BEAR MARKET that is still at early stage.

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