Its an understatement that the US Dollar is in a downtrend. Its pretty obvious which direction the greenback is going from the chart below.
My question to readers is this: if you were building a neural net model to tell you when to go LONG for a sustained rally and rebound in the US Dollar, [...]
The year is beginning to wind down and I’m looking forward to closing out my Forex trading with at least one position in AUDUSD and possibly a second in EURJPY if my buy order gets triggered when London opens. All this intervention by the banks can’t stop the overall trend for currencies until they [...]
I just closed out my second carry trade experiment and it was both lucrative and hair raising at the same time. I went long AUDUSD, EURUSD, and XAUUSD in several positions and once again it was XAUUSD that saved my ass. My aggregate loss for AUDUSD and EURUSD was about 100 pips each but my [...]
