Stronger Dollar Ahead?

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.


The Dollar looks like it has the potential to rally out of its first pullback
since rallying off its lows.

Considering the above, the December British Pound
(
BPZ1 |
Quote |
Chart |
News |
PowerRating)
,
an inverse currency mentioned recently, was up on Friday but still looks like it
has the potential to resume its downtrend.

Best of luck with
your trading on Monday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!

 

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