Another currency pair suggesting a strong US dollar in the upcoming years is the USDNOK notice the textbook 5-3-5 zigzag decline from the 1985 peak in the US dollar, Another point worth noting is that the annual rate of change indicator made an all time high in 2008. This condition is called a Megaoverbought reading which is typically the kick off of a young and vibrant bull market. This market adds to the evidence for the US dollar bull presented since second quarter 2011.
Regards,
Ahmed Farghaly
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