Month: March 2014

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USDX 20.03.2014 Outlook

USDX 20.03.2014 Outlook

I have bought USDX at market with smaller lot sizes. I will buy more if I see 79.74. I would split this trade into 3 portions. My first target would be 80.48 followed by 80.92. If both targets are achieved, I will let the third trade run and take as many pips as possible.

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Dollar Index 19.03.2014 Outlook

Dollar Index 19.03.2014 Outlook

The Dollar index (USDX) is currently trading at the 2013 – 2012 support area. I would be on the lookout for any sign which indicates the price is ready to go into a buy mode. Currently there is no momentum in the price yet. I would be looking at today’s FOMC statement release to see…

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EURUSD 07.03.2014 Trade Result

EURUSD 07.03.2014 Trade Result

Based on the 04.03.2014 Eurusd mandate, I called for a short in the EURUSD at 1.3759. However during the ECB news session on the 5th of March, prices closed bullish and eventually closed above 1.3823. I was very skeptical with the price action on the 5th and called for a protection of our trade by…

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