There's Our USD Swing – Right On Time

As suggested there on Friday “if” we saw an expected turn upward in USD ( or at least…I was expecting it ) this is clearly a “swing low” at a fairly significant area of support.

This could possibly be a very significant “low” for USD, marking “the bottom” of what could turn out to be a very powerful new set of “higher highs” and “higher lows”.

All trades suggested on Friday – moving in the right direction.

Otherwise, The Australian Dollar continues to baffle as “risk is clearly expected to come off” here in coming days and weeks.

The Nikkei taking a bump up this morning –  and that’s “all it is” a bump up, as you’ll recall – nothing moves in a straight line for long. This too…soon shall pass.

We’ve moved from an environment of “buying the dips” to now “selling the rips” so… better get your head wrapped around it.

Stocks can and will “fall further” over the coming weeks, if not months.

Over the weekend I’ve had incredible interest in the “Members only / paid services” area – thank you. I’m only a day or two away so for those who’ve already contacted me so I will get back to you via email as to login / site address etc. The payment system will be Paypal based so please be aware and maybe even look ahead. You’ll need a paypal account in order to subscribe/use credit card. It’s a snap to set up.

4 Responses

  1. Careydina April 14, 2014 / 9:43 am

    As for the Ukraine issue makes gold up as well as AUD too. When will it get over?

    • Forex Kong April 14, 2014 / 9:49 am

      This is amazing seriously…this thing is UNREAL.

      But again…..very difficult to say much on a low volume “up day in a downtrend” with risk so…..

      Mondays are NOT the day to start making any kind of “big decisions” as to where things are going.

      Gold and Silver as well…..doing everything in their power to confuse / confound, as this “entire thing” still hangs near the cliff.

      • Careydina April 14, 2014 / 10:06 am

        Yeah weird weird weird
        USD should be strengthen as good numbers today. Perhaps the Ukraine has affected alot. “Finger cross”

  2. Kanastel April 15, 2014 / 4:32 am

    Hi Kong. Good call on this USD move. However, it’s nothing more than a hunch, but I think this move up will be very short lived, probably the matter of 1 week, with low volatility and an empty economic calendar.
    Keep up the good work ^^

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