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Weekly Forex Analysis Oct 11 – 14, 2022 – SP500 Losing Momentum and EURUSD Trading

October 11, 2022 | 5:33 pm | The 5%ers' Blog > Trading Room
October 11, 2022 | 5:33 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis Oct 11 – 14, 2022 – SP500 Losing Momentum and EURUSD Trading

The Dollar remains very strong

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In today’s trading room, we analyzed the major FX pairs, such as GBPUSD, EURUSD, and USDCAD. He also started building positions on those two pairs.

The Dollar remains very strong, and the up-trend is intact for the DXY.

The American Indices, especially the SP500, continued losing momentum on the downside.

Ruben started building a position expecting the market to take some fresh air.

 

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