USD Strengthening coming to an end???

Actually, I also trade stocks (CFD's on stocks) and I believe they're gonna be a lot cheaper than they are now. If my analysis for USD/CHF is correct, we also note an inverted H&S on the monthly EUR/USD which can't even re-test the neckline because nobody is stupid enough to buy USD into that monthly neckline because we're only in wave 4 and they know they will lose (same for Oil, nobody will take it into 108 where trendline support lies, it will have to fall on low volumes and in one month or so). So I believe there will be another leg higher both in EUR/USD and in Oil. Also if you watch the monthly chart that I've attached you can see that everything starts after September 11th so - fundamentally and logically - untill that problem (Osama) will be solved, this trend can't end.
To correlate this monthly chart with politics, I think it's a good thing that people in the US are starting to put their votes for John McCain because the US needs an iron fist right now, a very strong and experienced man. Pulling troops from Irak would mean accepting defeat and and - although would benefit the USD in short and medium run - in the long run we can witness another September 11 and what will happen then?! So my opinion is that with McCain as President and a big hit on AlQaeda (we'll have to see if the US will trade Georgia for the Russian help) the USD will benefit fundamentally.

You have got it all figured out. Thanks.

I have to say that I really hate trading the EUR/USD. I don't like to trade the most traded pair in the world. But even I can't ignore how oversold this is when looking at the 1 day charts and an RSI(21). I'm going long with a very loose stop loss. I think it might take a bit more steam for the rest of today (Sunday), but I'm sure of atleast a 200 pip rally before any major resistance will be seen.

Cheers, good luck.

Good luck to you and I believe a bounce might be in order after such a big slide for the last month.

But keep in mind oversold/overbought readings many times are meaningless when a market is in a strong trend. It can just keep getting more oversold/overbought. The forex gods have no law against it.

The only two sure things when you're trading are: 1) the money in your account and 2) the fact that every trend will have a retracement. With these two in mind, absolutely every position can be "correct", that is depending on what timeframe you are watching and how much money you have in your account. Personally I like to trade AUD/NZD with brute force (100k account and mini lots) on the weekly chart and I love to scale in losing positions because retracements bring me money. EUR/USD longs are very correct on the monthly chart, targeting 38.2% of recent down-move. I've been short USD/CHF from last week, took some profit and now I shorted again for 1.0650 and below.

www.andreitaga.com
http://andreitaga.wordpress.com

True but who really trades on a monthly chart besides Soros and Rogers and those types?

I would delete your website link, quickly. Against the rules. Might get you a infractions notice. You can show it under your profile though.

And they know damn well why they're trading the monthly. The greater the timeframe, the stronger the trend (better supported by fundamentals) so less risk for them. But I think it depends on what currency pair you're trading because GBP/JPY has a certain range while AUD/NZD travels 2000 pips per year at most. I see more brokers offering the possibility of opening micro accounts so putting 2000$ in a micro account and trading AUD/NZD on the weekly/monthly wouldn't be very uncommon. Everytime people hear about my activity they ask me how much can you make from the markets and I always tell them that you can't make more than your own value so they shouldn't expect to start with 10.000$ and make 1 million in two years; so probably someone who starts with 2000$ trading micro lots can be happy if he wins another 2000$ in one year by trading AUD/NZD
About my website: sure, they can delete the link, it was just a reflex, I'm not teaching people to trade anymore because I had enough of this; every evening I went to sleep with a headache after 12 hours trying to convince my students no to go against the trend and I decided it's not worth it.

Take a bigger outlook

usd index bull 4cast made 31th of july

Peaches ur knowledge about candlestick's patterns is sovereign

"The answer bloody well isn't 42."