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USDX Analysis going into next week's Trading. See Weekly-Chart!

https://www.tradingview.com/x/CHVn41c0/

Buy AAAPL, Buy Googl, Buy QCOM, Buy McDonalds Fast Food.

I honestly have not checked their charts. But they are some of the stocks that must be starting to turnaround in their share prices following the recent sell-off, these companies I would say with their global franchises & operations would be benefiting from a weakening US-Dollar.

You can see in the Weekly chart where USDX is coming down into an area of Support on the Weekly chart & my feeling is that it will start to turnaround this coming week as its very oversold. But of-course if I may hedge my bets a bit, the path of least-resistance is down as it's well under important moving averages, but a reversal is imminent is my feeling.

* Trading/Investing in precious metals, currency's, commodities & stocks is risky. Please don't rely solely on my financial advice.

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Finally, on the 4HR chart see where things turned ugly for USDX on 19 August with bearishness relating to an inverted Cup system on the 4HR.

Will the USDX recover quickly. I think it might just move up very quick if & when it does turnaround. I believe that will be very soon but that is my own sole opinion. I have read no other analysis from anyone that this will be the case.

There is bullishness up ahead for USDX including 2 bullish Heads 'n' Shoulders systems up around 1.05 on the 4HR & 1HR.

I believe that this bullish reversal soon in the USDX will keep a cap on the Gold price until you guessed it, about 3 weeks time. What is the current synopsis? 80 to 90% 'in the bag' of an interest rate reduction for the USA, following suit from Canada recently, here where I am, living in the most expensive country in the world, Australia (g'day g'day), they don't seem to have a clue how to control the inflation.

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