In the last workshop and market outlook seminar, we had a chance to briefly touch on the US markets, and within seconds I was able to decipher the direction based on price behavior.
This was also partly the reason why I took my profits on the EUR/USD and Gold shorts as mentioned a few posts back; true enough there was a sudden plunge in the USD, affecting all the majors, and causing the EUR/USD and Gold to spike up.
This looks poised to carry on pushing up to test the prior swing high, with a one-bar flag in the middle of the equilibrium range. I will be following up on this during the next market outlook seminar.
Where will the US markets head next? And how will this affect the local markets?
I will be sharing my latest analysis here: https://www.eventbrite.sg/event/8521073761