Day 244: Dollar Dollar Dollar


The market still looks like it’s digesting the news from FOMC. Dollar’s still up and down with no sense of real direction. My forecast for 2016 is still bullish Dollar just because theres not much other things to invest in. Although I’m not sure if the bulls will kick in anytime soon, I’m going to be very cautious on trading till after New years. Volatility will be low and traders are probably more worried about the holidays rather than trading.

I’m still holding onto a couple positions open, including long GBP/USD. GBP/USD has been in a nice range and should expect a bounce from the bottom channel. I’ll be hedging my long GBP/USD with a long USD/JPY and short EUR/USD trade. Let’s see what the future holds for Dollar in 2016.

GBP/USD hitting bottom channel, playing a bounce here.

Screen Shot 2015-12-18 at 12.29.40 PM


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s