USD index

Discussion in 'Forex' started by Piptaker, Jul 22, 2016.

  1. Cswim63

    Cswim63

    Still waiting for some kind of capitulation move. Think we are getting some of it in gold.
     
    #1521     Jul 17, 2018
  2. SunTrader

    SunTrader

    IMO Gold currently might find a short term bottom around 1200-1205 area. Likely won't hold for long though.
     
    #1522     Jul 18, 2018
  3. Cswim63

    Cswim63

    Out of my long USD on Euro push down to 1.1615 area. Had good profits, just going to watch now. Aussie, Nzd never got a good push, so I dumped. I'll wait for the next setup.
     
    #1523     Jul 18, 2018
  4. themickey

    themickey

    USD Index may have topped out here.
    Looks bearish from this side of the Indian Ocean and this time of night.
     
    #1524     Jul 18, 2018
  5. SunTrader

    SunTrader

    You might be right but the day is still young on this side of ocean. :)
     
    #1525     Jul 18, 2018
  6. Cswim63

    Cswim63

    I'm also leaning toward bearish USD at the moment. Just lost all momentum. Beware the (summer) market. Thinner. Could easily spike against the current trend. USA housing starts were down quite a bit if that's a real number. If that trend continues, the markets are going to react. Obviously you'd have to wait till next month, but it's not a good sign. Any weakness would cast doubt on the ability of the Fed to raise, which the market has banked on. Euro keeps going to the edge of the cliff and rallying. Again.
     
    #1526     Jul 18, 2018
  7. Cswim63

    Cswim63

    Short USD against EUR, Jpy.
     
    #1527     Jul 18, 2018
  8. So your long EUR/USD and short USD/JPY


     
    #1528     Jul 18, 2018
  9. treeman

    treeman

    That’s a gutsy position.
     
    #1529     Jul 18, 2018
  10. Cswim63

    Cswim63

    Scratched it. Yeah, it's against the trend. Thus it's got to work right away or it's gone. There was some selling in USD but not much follow through right now.
     
    #1530     Jul 18, 2018