USD index

Got stopped on that position. That one kind of stung a bit. At this point I'm thinking the trend in USD is intact. That looked so much like a legitimate break down USD. Thank God for stops, cause I had swallowed the hook. And sinker.
 
Cswim63 said:
Got stopped on that position. That one kind of stung a bit. At this point I'm thinking the trend in USD is intact. That looked so much like a legitimate break down USD. Thank God for stops, cause I had swallowed the hook. And sinker.
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Could be a result of typical chop, up 'n' down, up 'n' down, shake shake shake.
Am seeing that in metals as well, price banging around all over the shop.
 
For sure it’s banging around.. not sure when that ends, but the dollar does go higher from here. Which will bleed into equities too. That’s how I’m positioned anyhow.
 
Short Usdcadat1.2996 after getting chopped up on the long side. Double bottom looks about to break. USD may be weakening, not strengthening as seems to be the prevailing view .
 
Cswim63 said:
Short Usdcadat1.2996 after getting chopped up on the long side. Double bottom looks about to break. USD may be weakening, not strengthening as seems to be the prevailing view .
More...
Yes, the consensus opinion seems to be USD strengthening due to interest rates increases, emerging markets weakening, China buying etc, but Trump wants to talk it down and although a logical perception may arise in the mind that fundamentals will beat Trump's desires, usually the reality is, the market will do what is least expected.
 
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