You can’t fight city hall but you CAN the central banks!

You can’t fight city hall but you CAN the central banks!


Euro Currency Bear Trap forecast by NewWave

Euro Currency 1.12 Bear Trap by NewWaveForecasting.

All Chicagoans know the futility of heading down to city hall to argue about anything as it is rarely worth the effort and expense.

When it comes to taking on the ECB and/or the Fed regarding the Euro I have a different view on reality. I understand why the central banks desperately want a strong dollar to keep the world economies alive but it is a battle they WILL ultimately lose to market forces.

The keys to prevailing against a larger more powerful opponent are no different here than any other venue.  They may be big and have deep pockets but they are fighting the market which is why when it moves up it FLIES!


Fortunately for NWF subscribers we had bullish forecasts when the market was below 1.10, below 1.11, and below 1.12!  Notice a theme here???


What is funny about this bigger picture is that I have never nor do I now believe the Euro Currency can survive.  Different nations with different social and economic needs along with the different languages-does anybody really think they can keep this up forever?


Ron Feinstein

NewWaveForecasting    March 30, 2016

Submit a Comment

Your email address will not be published. Required fields are marked *

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.