Risk in US Dollar is High, but Until this Changes We Like Buying
- Reversal risks are clearly high, but until these factors change we’ll look for more strength
- See full analysis below in individual currency sections
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View individual currency sections:
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
One-sided moves in the US Dollar and JPY warn of significant reversal. Yet until these factors change we’ll continue to buy Dollar strength and sell Yen weakness.
See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.