All stars aligned for dollar bullishness throughout September: -
- Relative strength against US treasury bonds, gold, and the euro index = undervalued
- Fund managers' net positioning is becoming increasingly bullish
- Retail traders' net positioning is extremely bearish, which is a strong contrarian indicator
- 10-year September seasonality = bullish
- Price is breaking out of a high quality demand zone
Have been long for approx. 1 week thus far and will maintain my position and look to trail stops as we gradually break through supply zones
- Relative strength against US treasury bonds, gold, and the euro index = undervalued
- Fund managers' net positioning is becoming increasingly bullish
- Retail traders' net positioning is extremely bearish, which is a strong contrarian indicator
- 10-year September seasonality = bullish
- Price is breaking out of a high quality demand zone
Have been long for approx. 1 week thus far and will maintain my position and look to trail stops as we gradually break through supply zones
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.