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US Dollar Forecast to Decline According to Automated Forex Trading Signals
Friday, 12 September 2008 15:56:31 GMT  |  David Rodriguez, Quantitative Analyst
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Our Forex Buy/Sell Trading Signals have aggressively sold the US dollar against the Canadian dollar, British Pound, and Euro on the day’s trade.  Such a confluence of anti-US Dollar trading signals has unsurprisingly coincided with a USD pullback, and we already see that our GBPUSD Forecast from this morning has already produced several hundred pips of profit.

US Dollar Forex Trading Signals

US_Dollar_Forecast_2008-09-12

Such trade signals are almost entirely consistent with our more discretionary DailyFX.com forex analysis, as we have been calling for a short-term US Dollar pullback through the past week of trading. Our recent Forex Futures Commitment of Traders analysis showed that speculators had become extremely net-long the US dollar. Though the US dollar may continue to gain through the medium term, it seems that a further short-term correction of strength is likely.
See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis.
For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.

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