Is the Dollar's Momentum Easing? | Forex Factory

  • Is the Dollar's Momentum Easing?

    From marctomarket.com

    The US dollar turned in a mixed performance in the last week of January. It slipped against the euro, yen, sterling and the Swedish krona, while rising against the other G10 currencies. The Swiss franc was the weakest of the majors, losing about 4.5% of its value against the dollar, encouraged by signs the Swiss National Bank may have intervened. The dollar also rose against most of emerging market currencies, except for a handful of eastern and central European currencies. The Russia ruble depreciated by nearly 10% following the S&P's removal of its investment grade status, and a compromise struck with Greece to ... (full story)

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michaelpelly
Feb 1, 2015 11:26pm
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The problem with weekly trends (swings) is that reversal is not put in the spotlight so every market participant will catch the train. It happens very quietly when financial media screams forecasts in both directions. Then suddenly the trend direction starts to go other way. The trend followers start to explain this as retrace until it continues to go into that direction and already did 1000+ pips. This is when "robber bank MMs, faking - making" and other stupid comments start to pour in. The simple reason is that no trend continues forever and catch a good swing reversal spot requires patience and prudence.
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michaelpelly
Feb 1, 2015 1:31am
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If someone even tries to look at USD/JPY chart - definitely.
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NewtonsCash
Feb 1, 2015 3:14am
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Yep,losing Mo against the GBP
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asmadi78
Feb 1, 2015 7:13am
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USDJPY - 117.20 (Support area)
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asmadi78
Feb 1, 2015 6:34pm
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UsdJpy still on the track..Uptrend market. Targetting : 130.00
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midosh
Feb 1, 2015 6:24pm
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Quoting Abhimanyu
Absolutely. Nothing goes up for ever.
Remember, the more couter -rend traders, the more the trend fuels up!
People keep expecting a pull back by selling the "top", however, the top kepp shifting higher and higher! It's called squeezing short up!
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Abhimanyu
Feb 1, 2015 5:53pm
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Absolutely. Nothing goes up for ever.
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midosh
Feb 1, 2015 6:22pm
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Quoting Abhimanyu
Absolutely. Nothing goes up for ever.
True only in normal conditions!
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