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Originally Posted by golhuntsleep
I trade long term, could you please tell me what you see for trend exhaustion and reversal sgnals.......I don't see any as of right now.......
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Hi,
First of all, no one can be 100% sure about the market direction, whatsoever. I can be 100% wrong.
Market sentiment is also judged by observing how the market reacts to positive and negative news of different currencies. If USD sentiment is positive, it will ignore the negative news or spark just a spike but will move aggressively on positive news (and will do the opposite with the other currencies' news) and I guess, this is what happened today.
BTW, what signals do you look for to predict trend reversal?
This is what I mean by trend reversal: