End of the USD up-cycle this week!!!

2 weeks i've watched the USD lose some strenght against the other currencies.

Double top & lower-high on USD/JPY

Same USD/CAD

First up-week following small down week on EUR/USD

GBP is week all-around so it's difficult to read USD momentum out of this pair

USD/CHF busted resistance, looks like a bull trap in the making.

AUD/USD, AUD boucing off support.

I'll bet for a 2-3 week down-cycle starting on this monday! Not necessarly big, i'll go for 300-400 pips target.

Watch out for over-exposure.

Safest bet: AUD - CAD
Good bet: EUR - JPY
Risky: GBP - CHF

Here. Lets see if i can beat all those analyst that post crap on ET.

 

I'm 95% sure below is what you mean.

buy AUD - sell CAD
buy EUR - sell JPY
buy GBP - sell CHF

 

I think your scenario is expected, MP$.

Sooner or later.

Definitely by the end of June.

Unless it turns the other way and travels down (EUR/USD-wise) to the 1.2100s.

"Watch out for over-exposure." For sure.

theskalper

 

sKalpZ, what is your trading methodology? Fundamental, TA etc?

 

Nope sorry. They are all against USD

Means:

Long AUD/USD or Short USD/CAD safest bet
Long EUR/USD or short USD/JPY might work but riskier
GBP or CHF are not good ones to play vs USD.

Str ranking expected this week:
1-AUD
2-CAD
3-EUR
4-JPY
5-USD
6-CHF
7-GBP

 

Ok...thanks Maxprofit$.

When I see EUR - JPY I assume long the base currency (EUR) and short the second currency (JPY)

 

Balance, alignment and tolerances.

My system could also be used by the Michelin man.



theskalper