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Dollar
Mar 26, 2006 23:44:03 GMT -5
Post by David on Mar 26, 2006 23:44:03 GMT -5
USD Mkt Update Comments - The dollar traded as high as 90.80 but was unable to hold at this level and proceeded to correct rather rapidly. If the dollar is unable to hold above 80.80 then it will most likely trade to the 87.90 ranges.. Currency traders who performed a simple currency exchange carry on holding your positions (our average entry price is roughly in the 85-86 ranges. 3/16/06 David - This chart shows price movement from the beginning of the current up cycle in the dollar which started in Jan '05. Ideal entry was back on the 20th when it closed slightly up after retest of 2nd trendline. CCI cross into positive territotry and STO bouncing back from oversold levels, enough signs to go long here with 1/3 of a position, looking to add when I get more bullish confimation. Will try to enter Mon at closing price (90.07) or better. Stop at 88.50
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Dollar
Apr 2, 2006 21:59:26 GMT -5
Post by David on Apr 2, 2006 21:59:26 GMT -5
Mkt Update - Just like it takes awhile for a market to bottom it can also take a long time for a market to top and currently it appears that the dollar is putting in slow but sure long term topping formation. It needs to break past 90.30 soon to invalidate this formation and then trade past 90.90 otherwise the dollar could trade all the way down to the 87 ranges before mounting another rally. Currency traders who performed a simple currency exchange carry on holding onto half your positions (our average entry price is roughly in the 85-86 ranges. 3/28/06 David - Long from 90.07 (1/3) 2nd uptrend line served as support during past week
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Dollar
Apr 16, 2006 16:33:08 GMT -5
Post by David on Apr 16, 2006 16:33:08 GMT -5
Mkt Update - The dollar broke below our stop so all-regular currencies players are now fully out of this trade. The dollar is having a hard time trading past the 90-price point level. One of the reasons is that the US is blocking foreign governments from accruing US assets so despite several rate hikes the dollar has done nothing much for several months. The foreigners must be saying what are we going to hold these worthless dollars for if we cannot buy US assets with them. We will talk more about this next week. If the dollar fails to trade past the 90.00 price point level on the next attempt then the first downside target is going to be 87.00 and we could trade all the way down to 86.10 before stabilising. 4/4/06
David - closed out trade due to analysis above
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