Comments on: US Dollar, Gold, Silver, & GDX Update 5-1-25

By: junkie

junkie — Fri, 02 May 2025 13:20:43 +0000

In reply to rsotc. I have been short EURUSD since that bottom. A 3-year high on it was a compelling sell.

By: rsotc

rsotc — Thu, 01 May 2025 14:51:34 +0000

In reply to junkie. I'd have to look at the charts of the others to see if any stand out & I will, if I get the time today. Not to sound like the Dos Equis guy but I don't always trade forex but when I do, I usually trade the big 3 (Dollar, Euro, and/or Yen): EUR/USD, USD/JPY, via /DX, /E7, etc..) .and yes, a pullback in $USD would provide an objective entry, IMO although my guess is we're not going to get another one soon since UUP & /DX already consolidated following their recent 60m bullish falling wedge breakouts so today's break above that range "should" trigger the next leg up. Plus, not sure if you caught it but in recent weeks, I've been highlighting the fact that $USD fell to very good long-term support & so far, it is just starting to rally off that support.

By: junkie

junkie — Thu, 01 May 2025 14:39:14 +0000

In reply to junkie. on a pullback to support on USD/UUP.. sorry for a confusing question.

By: junkie

junkie — Thu, 01 May 2025 14:35:02 +0000

@randy Would you added a pullback to support on USD if provided? What currency pair would you prefer to use instead of UUP? I am currently short EURUSD, AUDUSD, CADUSD, however JPYUSD might be a better short than EURUSD.