DXY Looking Bullish? Probably not, probably just less bearish
Nice uptick though, reinforces my conviction to have not re-invested all of my cash on a recent sale. Looking for some more discount prior to purchasing some more value in the energy space. In a way this is a trade, in a way not really. RSI looking constructive to the US dollar having a period of gains in the next few sessions. This setup is invalidated if DXY continues below 9.60-ish with renewed weakness.
Also read an article on Market Watch stating that the SMI (smart money index) is now at the lowest level since 2000. Not a crystal ball, but it can be used in conjunction with other information and data.
VIX and possibly Gold appears to agree with the uptick on both.
We are also due for a bit of pullback on equities.
Good luck and don't buy crap.
Also read an article on Market Watch stating that the SMI (smart money index) is now at the lowest level since 2000. Not a crystal ball, but it can be used in conjunction with other information and data.
VIX and possibly Gold appears to agree with the uptick on both.
We are also due for a bit of pullback on equities.
Good luck and don't buy crap.
Trade closed manually:
Out of USD almost entirely.