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US Dollar -- Technical Analysis
USA
Posted by admin on
May 18, 2015
US Dollar (USD) had a great run from 80 to 100 in 7 months (without any serious pullbacks) between Sept 2014 to March 2015. Finally the pullback started. Is it a good time to enter?. It is no coincidence that Gold & Silver are trying ‘again’ to break their downtrend (after failing many times), as USD pull back is happening.  Smart money will decide in the coming days/weeks for sure.
Here is what the charts are saying
SHORT TERM – NEGATIVE
MEDIUM TERM – POSITIVE
LONG TERM – NEUTRAL (Will turn positive if it clears 102 convincingly)
Technical details & entry points are reserved for subscribers. If someone wants to enter USD then…
Thanks & God Bless !
-Kumar Tenkayala
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Thank you Kumar for your advice not to invest money in WFM in November 2013. I thought this would be a good opportunity to get my daughter started in stocks, but it would not have been a pleasant beginning. The stock has never been as high as it was when I was considering it. It has continued to decrease over the past year. It started at 59 and fell to 38 in a few months. I should have invested in MSFT as you recommended which has gone from 38 to a recent price of 49.
Thank you Kumar for sharing your views on Gold. As I recall you predicted this well in advance around 8 years back that gold will have a dream run, and you are damn right. I realize some of us didn't buy that theory at that time initially, but soon enough realized the true potential of gold and started purchasing from then on and made good handsome profits. Truly appreciate your advice on gold even today.
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