Okay, The King Dollar! we have a bullish crab pattern that has completed it first target. The Crab pattern completed a T1 set up all. PA marched all the way to the 382 and reversed almost not a pip more either. we had a few trades happen above the 382 but not many! This week we could see some good down moves on the dollar, maybe all the way down to the Crab PRZ. This is in part that the sides have switched. The Commercials have started buying the pair overall and the non-commercials are selling which will drive prices lower on the Dollar. With this in mind there is a good chance that the stock market will have a good week this week as the stock indexes are contraian to the DXY.
So, all my trades for the dollar this week and maybe for the near future are going to be more short biased.
The Net Data is as follows:
Commercials- Current== 5,142 // Previous== (5,328)
Non-Commercials- Current == (5,344) // Previous== 4,689
So, all my trades for the dollar this week and maybe for the near future are going to be more short biased.
The Net Data is as follows:
Commercials- Current== 5,142 // Previous== (5,328)
Non-Commercials- Current == (5,344) // Previous== 4,689