I wont be doing my usual forex charts for the week ahead because there is quite frankly nothing much to look at in the current conditions. I do have some forex positions open at the moment but there has been much better trading elsewhere. We had some good action in the $AUD when the jobs number came out far better than expected. I am only interested in trading momentum. Whatever is showing momentum is what gets the majority of my trading allocation. You don't get any medals for saying you are a particular type of trader. I have nothing against people who do trade one asset class, it is just not what I do.
The $USD Index is in an uptrend channel as you can see. I am not sure but there is a chance that the $USD could weaken if bonds are bid.
No comments:
Post a Comment