With the USD as strong as it has been over the last several weeks, it will be interesting to watch and see what happens next.

The US Dollar bulls have done well, but are they anxious to get back into their positions or add to their positions after the sell off last Friday?

My general expectations have been for a deep pull back before the a continuation. Looking at charts like the EURUSD, there is certainly room for much further downside. Yet I feel we may see a larger pull back at this stage now that the pair has cleared through safely through several heavy resistance levels.

I plan to look at going long the GBP/USD this week to take advantage of potential USD weakness. I'm consider USDNOK as well, however still looking at the charts to determine the key levels. While the EURUSD still remains a more interesting pair to short from higher levels.

I've taken a long in Gold as well, possibly my first long position in the metal this year. I expect a last leg up to complete the triangle, from which point if my view is correct, USD strength will presume.
Übersetzen in Englische Sprache Zeige Original