US Dollar IndexLong
September US Dollar Bullishness
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
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