Trend Lines Hold – USD Smashed

Short and sweet here this morning as……what else do you need from me today?

The U.S Dollar has been taken out to the wood shed “again today” for the 9th day in a row. The cycles have failed, we’ve got Commodities holding their upward trend lines, Gold back on the upswing and major MAJOR “swing highs” across several asset classes.

The bounce will be weak. USD will fail, stocks will tumble JPY repatriation will destroy Japan, QE5 in the works and everybody can go on their merry way with the firm belief that “the economy is on the mend”. Puke/Gag.

Recession in Canada. Soon to be U.S….Global appetite for risk – not particularly hungry.

How’s yer SNAP trades going morons? 29 bucks down to 20 bucks over the same 9 days USD tanks. See any correlation here?

I loooooooove it!




3 Responses

  1. tas March 22, 2017 / 12:57 pm

    Hey mate. Sorry with all the bloody questions, but one that i have been really unsure of is around economic releases.
    It is hard sometimes due to so much data coming out in certain days or weeks… Do you try to filter out the higher impact reports or do you just purely look at pricing.
    I am a bit torn, due to sometimes having good set ups but staying out for certain fed heads talking, trump talking, unemployment, non farm pay roll and of course interest rates….

    I normally leave my trades till the following day, if my set up is still there after the data comes out is that okay or if the set up is there do you still enter trade?

    thanks again

    • Forex Kong March 22, 2017 / 2:12 pm

      If I know something MAJOR is on deck that I haven’t already evaluated for myself ( as to what it’s effect will be ) I generally try to stay out of the road. It’s usually the volatility around these things that kills you and NOT some macro change of direction.

  2. tas March 22, 2017 / 8:10 pm

    thanks Kong for your reply

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