Although the last week has bucked the downward trend of the dollar index, most large speculators are net short based on the "Commitment of traders". I wanted to put my thoughts out that I am short USD against JPY/CHF/CAD/NZD as they are the furthest away from the longer term trend. I am using pretty tight stops and re-entering if as required as I don't believe the last week's bounce in the US dollar will continue. As always please use proper risk management.
Trade closed: target reached
Target move reached
My Substack website provides my regular vlog establishing daily chart price trend bias for traders and investors to gain useful data.
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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.
My Substack website provides my regular vlog establishing daily chart price trend bias for traders and investors to gain useful data.
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.