Tag Archive for: GBPUSD

Factor Update – August 7, 2016

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Factor Update – July 31, 2016

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Factor Update – July 10, 2016

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Factor Update – July 3, 2016

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Factor Update – June 19, 2016

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Factor Update – June 5, 2016

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Factor Update – May 29, 2016

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Factor Alert – Forex and other markets

This Alert provides my current thinking on the overall technical condition of specified markets.
U.S. Dollar Index
The sustained advance from the 3 May low in the DX is EXACTLY what I would expect from a major bear trap. The shorts are trapped and the market senses blood in the water. This explains the nature of the recent rally -- not allowing shorts to cover on a reasonable break. The second chart shows that the large spec shorts (funds) remain heavily short while the commercials remain heavily long. DX should remain relatively well bid until prices reach 98 to 99. I expect major resistance at 100 to 101. Factor is fully long the Dollar Index.
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Factor Update – May 22, 2016

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