US Dollar IndexLong
September US Dollar Bullishness
All stars aligned for dollar bullishness throughout September: -
- Relative strength against US treasury bonds, gold, and the euro index = undervalued
- Fund managers' net positioning is becoming increasingly bullish
- Retail traders' net positioning is extremely bearish, which is a strong contrarian indicator
- 10-year September seasonality = bullish
- Price is breaking out of a high quality demand zone
Have been long for approx. 1 week thus far and will maintain my position and look to trail stops as we gradually break through supply zones
- Relative strength against US treasury bonds, gold, and the euro index = undervalued
- Fund managers' net positioning is becoming increasingly bullish
- Retail traders' net positioning is extremely bearish, which is a strong contrarian indicator
- 10-year September seasonality = bullish
- Price is breaking out of a high quality demand zone
Have been long for approx. 1 week thus far and will maintain my position and look to trail stops as we gradually break through supply zones
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.