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


Trading Room

October 11, 2022 | 5:33 pm | The 5%ers’ Blog > Trading Room

October 11, 2022 | 5:33 pm
The 5%ers’ Blog > Trading Room

The Dollar remains very strong

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In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.

 

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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