I do not remember having seen before such a clustering of important charting events!
Forex: Three important PAR level numbers close-by or broken through: EUR, USD and CHF. Additionally, a lot of momentum going on in many pairs. For example, JPY weakness.
Thus, something is brewing, Beware the Big Currency Shifts!
Futures: While we are in a Commodity Super-Bull Cycle with basically all asset classes up, the USD has generated a bullish signal. With commodities up, we should see a weak Dollar. But this is not so. A very strong bearish USD pattern has delivered a failure signal and this is a counter-trend signal for USD strength.
Beware of a quick surge in USD strength over the next few quarters to come.
How so? Maybe Geopolitical events (Russia-Ukraine) combined with a deflationary crash (similar to GFC in 2010)?
The markets, and time, will tell…
