USD SHORT
Hello everyone,
I am SHORT on USD because of the following reasons:
- Price is going in a downward channel
- Price respected the channel, even with the high volatility today
- Price is creating lower highs
- Price is moving below 200 and 100 Moving Average which indicates a bearish market.
- FED introduced Average Inflation Targeting, this means that there can the inflation in the US can be higher than the normal 2% mark, thus dragging the Dollar down.
- The huge debt (more than 7 trillion Dollars) of the US is worrying investors.
- Mixed results today with the GDP slightly better but employment rate slowing.
Let me know what you think in the comment section.
I am SHORT on USD because of the following reasons:
- Price is going in a downward channel
- Price respected the channel, even with the high volatility today
- Price is creating lower highs
- Price is moving below 200 and 100 Moving Average which indicates a bearish market.
- FED introduced Average Inflation Targeting, this means that there can the inflation in the US can be higher than the normal 2% mark, thus dragging the Dollar down.
- The huge debt (more than 7 trillion Dollars) of the US is worrying investors.
- Mixed results today with the GDP slightly better but employment rate slowing.
Let me know what you think in the comment section.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.