Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Thanks Tango !
Yes the DX has been punished and DX market now in a correction and the usd bulls see this as a opportunity as the 91 longterm support seems to hold for now.
Worth noting the KC market has a strong seasonality until March to the upside but for now expecting increased selling due to the DX strength near the longterm support giving a good position for increased bying.
I should have noticed the oversold DX this weekend before comment the charts !
For further analysis on the longterm thoughts on the DX I recommend the 5 part podcast from Macrovices: https://www.macrovoices.com/