The Trend Remains DOWN for the US Dollar!

Posted on Fr 09 Mai 2008 in misc • 1 min read

  • Forex tags:
  • Forex
  • US Dollar meta: _edit_last: '5' dsq_thread_id: '2287054611' author:

    I know I haven't posted anything remotely related to the US Dollar and Forex Trading in ages! I decided to close out the week with a look at the US Dollar's weekly trend.

    Despite all the hullabaloo about a strengthening US Dollar in recent days, the overall trend remains DOWN. It doesn't take a rocket scientist or neural net to figure that out.

    The trend will remain down as long as we are invading foreign countries to liberate them and printing money. I would probably still establish net long term long positions on any major currencies relative to the USD, expect for the JPY.