Subscribe Now

Subscribe in a reader

Monday, August 10, 2009

USD update

I'm in the middle of my vacation but since I have several positions on USD I thought of just chiming in and see how USD was doing since 7 days ago...

From what I can see with the limited graphs access I have now, it seems a reversal is indeed taking form in USD. My target at 75.47 missed the actual low by 0.01 ... Beginner's luck I guess eheheh...

Anyways if everything goes accordingly, mid term USD Index should go above 90 ... and perhaps initiate a big bull market, but first things first and let's not get carried away... The area around 80 is still an obstacle to overcome... so let's root for that.
at 6:12 PM Posted by Salvador
Labels:
blog comments powered by Disqus
Subscribe to: Post Comments (Atom)

Live Economic Calendar Powered by the Forex Trading Portal Forexpros.com
Disclaimer: The information provided on this website, while timely, colorful, and accurate, is not to be taken as financial, legal, tax, psychological or any type of advise. The purpose of this website is to track the progressions of human herd psychology as it is reflected through several financial markets. Any commentary on this page, however useful it may be, is used for illustration, and to inspire thought provoking discussion, and not to be taken as specific trade recommendations. We are not endorsing any site or service, nor are we promoting choice examples as real-life trades. If it sounds sarcastic, it probably is and if it offends you, just don't read it. There are tremendous inherent risks in attempting to trade any market using any vehicle, particularly if it is leverage. Please contact your broker to explain all risks involved in the vehicle you will be trading and any questions you may have.

Back to TOP