Register File Sharing Journals Chat Room FAQ Calendar Mark Forums Read

Advertisement







Search Forums
 
» Advanced Search

Reply
 
Thread Tools Search this Thread Display Modes
Old 21-03-2005, 19:38   #1
jasonjm
level 3
 
jasonjm's Avatar
 
Join Date: Feb 2003
Posts: 125
Downloads: 0
Uploads: 0
Rep Power: 0jasonjm is an unknown quantity at this point
BIG moments coming up for USD

the current downtrend on USD index is at 84, 3 yr downtrend

depending on what FOMC says tomorrow.... we may rally over 84, for a nice USD bull run in my opinion! catch all the long term traders wrong footed, will be a stop loss fest over the next few months, going to 95 on usd index (IMO)

or of course, we could go right back down to 80 on negative news / statements over the next few weeks

while 80 holds though, I am going to become more and more bullish USD
Attached Thumbnails
Click image for larger version

Name:	usdindex.gif
Views:	240
Size:	40.1 KB
ID:	10841  
jasonjm is offline   Reply With Quote
Old 22-03-2005, 01:36   #2
rollingstone
level 3
 
rollingstone's Avatar
 
Join Date: Mar 2005
Posts: 394
Downloads: 0
Uploads: 0
Rep Power: 4rollingstone is on a distinguished road
Re: BIG moments coming up for USD

So you think the dollar is going to go up......or go down ?
rollingstone is offline   Reply With Quote
Old 22-03-2005, 10:00   #3
20pipsaday
level 3
 
Join Date: Mar 2004
Posts: 133
Downloads: 0
Uploads: 0
Rep Power: 020pipsaday is an unknown quantity at this point
Re: BIG moments coming up for USD

as long as 80 holds the pressure for up (buying dollars) will keep increasing

if 80 holds, there should eventually be a moderate to big rally (at least 88 on usdindex, possible 100)

If 80 does break then I dont think there is any reason to buy USD, it should mark a serious new leg down on the USD

this could take months to the whole of 2005 to play out though
20pipsaday is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is Off
HTML code is On
Forum Jump