The trend is becoming somewhat clearer after a mixed last month or so. I expect USD strength in general, and EUR and CHF weakness in particular. It might be a good time to be operating systems that work well in a bear normal market type, or otherwise accumulating a position long USD. I was expecting some NZD strength but talking to our signal providers, NZD could be due for a sell off, though perhaps not as quickly as the EUR, JPY and CHF. There are also a couple of reversal opportunties in the AUD/NZD and the EUR/GBP off weekly support levels. As a macro currency trader I expect that the long USD trend is only just getting started and we should see continued buying or USD through-out the year. Short GBP/USD (Trend) Long USD/JPY (Trend) Short AUD/USD (Trend) Short EUR/USD (Trend) Short NZD/USD (Trend) Long USD/CHF (Trend) Long AUD/NZD (Reversal) Long EUR/GBP (Reversal) Long USD/CAD (Trend) Trend: Market is trending in the direction I have listed and I expect it to continue Reversal: I am looking for a reversal against the current trend
Posted on: Mon, 05 Jan 2015 04:38:04 +0000
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