U.S. Dollar IndexShort
Something to think about
Updated
Hey! Here I have a chart where I have marked all the last Nonfarm Payrolls reports in 2024 and how dollar usually reacts to them.
As I can see the dollar is falling and will be heading back to South
WHY?
..because Oct 04, 2024 was reported: 254k and Nov 01, 2024 was 12k
The difference between these two reports are way too big and these elections or Trumps win can`t overlook of this!
So.. all the other currencies what have been falling due to dollars rise are now or will be reversing in the near future.. One of the best pair what I have been monitoring in the last few months is AUDUSD.. It have been falling heavily and have positioned itself for a turnaround.
Second pair what interests me is USDCAD because it usually moves with dollar in the same direction and is also very well positioned:
So is it only me or maybe there is something wrong with my eyes, but something is cooking ;)
This is not a financial advice and do Your own research and other great stuff!
Trade safe friends!
Devi
As I can see the dollar is falling and will be heading back to South
WHY?
..because Oct 04, 2024 was reported: 254k and Nov 01, 2024 was 12k
The difference between these two reports are way too big and these elections or Trumps win can`t overlook of this!
So.. all the other currencies what have been falling due to dollars rise are now or will be reversing in the near future.. One of the best pair what I have been monitoring in the last few months is AUDUSD.. It have been falling heavily and have positioned itself for a turnaround.
Second pair what interests me is USDCAD because it usually moves with dollar in the same direction and is also very well positioned:
So is it only me or maybe there is something wrong with my eyes, but something is cooking ;)
This is not a financial advice and do Your own research and other great stuff!
Trade safe friends!
Devi
Trade active
USDCAD and AUDUSD had a nice reaction Trade active
Looking these comments and ideas of Dollar, then I have a QUESTION: Where the F You guys see Bulls incoming? :D Explain! US is on a brink of a recession... if it already isnt :D
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