NVP
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hey Klass
I follow Currency strength/Weakness in my forex strategies so i am interested in your comments :-
1) the Dollar has been very strong lately
sure its all about perspective.....the chart below is Green USD index vs say the blue euro ......you can see 3 key points where USD has gone on bull runs ..the most recent being feb 2018 where indeed you are correct it is rising
2) All currencies have gone one-way for a week and should turn around next week.
the G8 family of currencies and their relationships are physically a zero sum game.....for example if usd is rising in relative terms then at least one other currency by definition must be falling to offset it ...Zero sum game.
below is my FXCorrelator indicator .....last week you can see what currencies were bullish and what were bearish .....see chart below
the brown CAD was up some 40+ pips .....GBP and Swissie were some 40 pips down on week ...others inbetween .....and USD was some 30 pips down on week ...
so in truth they are not all going one way as you suggest ...it physically cannot happen - sorry dude !
happy to talk more here ...let me know your thoughts
N
I follow Currency strength/Weakness in my forex strategies so i am interested in your comments :-
1) the Dollar has been very strong lately
sure its all about perspective.....the chart below is Green USD index vs say the blue euro ......you can see 3 key points where USD has gone on bull runs ..the most recent being feb 2018 where indeed you are correct it is rising
2) All currencies have gone one-way for a week and should turn around next week.
the G8 family of currencies and their relationships are physically a zero sum game.....for example if usd is rising in relative terms then at least one other currency by definition must be falling to offset it ...Zero sum game.
below is my FXCorrelator indicator .....last week you can see what currencies were bullish and what were bearish .....see chart below
the brown CAD was up some 40+ pips .....GBP and Swissie were some 40 pips down on week ...others inbetween .....and USD was some 30 pips down on week ...
so in truth they are not all going one way as you suggest ...it physically cannot happen - sorry dude !
happy to talk more here ...let me know your thoughts
N
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Trends sometimes last for months on end, just because there was a big movement toward one side one week does not necessarily mean that next week it would end. Yes, sometimes there are retracements, but once those end the trend usually continues. Not to mention that regarding the price of the USD there are major fundamentals at play (President Trump raising the tariffs on Turkish products, for example) and we don't know what will happen next week in that regard.
NVP
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price is all relative....for a currency to rise others must fall.....
trade what you see and not what you believe will happen in the future
ForexinDevon
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In my system, EURUSD turns at 1. 31 and will continue to rise to 1. 165-1. 16 911 over the next two weeks, testing the resistance position of 1.173.GBPUSD, which will test 1.29434 this week and next.About the USDX, I usually do not really love analysis, just as a dollar strong or weak factor, I now hold many hands of the XAUUSD.I wait for a breakthrough 1200.
hatemypips
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Reasons?
I see more room of dollar growth, today was a sell-off on Trump dumb comments which spurred a brisk wave of loss of confidence in Fed independence which is impossible. Fed is on the hiking path, while other central banks are too uncertain on their rates outlook.