This past week we saw some really nice moves. The #usd broke higher past the weekly supply, the $eurusd broke lower down through its weekly demand zone. These are all clear signs that the institutions have plans to take the dollar much higher and as they are creating new demand on the weekly chart this is a clear indication that they plan to add to their longs on a pullback. As mentioned in the latest webinar which you can find below, I’m not liking the formation of the weekly zones, especially on the #dollar and the $eurusd but on some of the other charts, the $gbpusd, $nzdusd, $usdcad and $usdjpy, their weekly zone look fine, which is why I have orders to short the $eurusd and the $nzdusd at this time.
top of page
bottom of page