USD index

[Cswim63]

Flat. Just going to watch. GBP now flagging.

 

[Cswim63]

Hourly charts starting to roll over a bit. All we need is some momentum. Kind of late to be trading anyway. Maybe tonight/Asia open.

 

[Cswim63]

Signs of a reversal in gold on the 4hr.

 

[victorycountry]

GBP is sinking now. But let's see how much it can recover during Asian. As with euro, lol stubborn 1.160 four days in a row, that's incredible

 

[Cswim63]

Yes but that puts it (Euro) in breakout mode big time.

 

[victorycountry]

Signs of a reversal in gold on the 4hr.

I am also looking at gold but I haven't seen a sign of bull yet. But I have to admit it's price volatility is way bigger than currencies. I will wait until next Wed (US CPI) before I make a decision to trade gold

 

[Cswim63]

Well, the prevailing trend is USD up, gold down, although gold has had a steady move against since end of October. And that's the textbook move. So I'm looking for continuation, gold down, USD up. But trying to keep an open mind as always.

 

[victorycountry]

Well, the prevailing trend is USD up, gold down, although gold has had a steady move against since end of October. And that's the textbook move. So I'm looking for continuation, gold down, USD up. But trying to keep an open mind as always.

As far as I remember, gold tends to go up from Nov to Feb. It shows some kind of seasonality.

 

[victorycountry]

Yes but that puts it (Euro) in breakout mode big time.

Both euro and yen will probably make a move from next week with a couple of US key data coming in the next week

 

[Cswim63]

Hmmm. Guess we'll have to throw that in the pot too.