January 7th 2019, 5 days since previous reply and quote above
The USD rebounded a solid 1% in the past 5 days versus most majors and now it’s time to make re-entry into this high probability opportunity to Sell-USD considering how strong the performance of Gold has been versus the US Dollar despite the rebound being complete. This also means that it’s probably a very good time to take some profits on gold positions quote $1,571 XAU/USD.
A related outlook to diversify is the Swiss Franc as a counterpart to sell with the US Dollar. Favored currencies to buy versus the Swiss Franc and US Dollar are the Australian Dollar and Euro with a relatively tight time-frame of around 3 weeks. Leverage limits would be wisely set below aggregate 5X-equity.
Buy AUDUSD Quote 0.686
Target 0.695 (1.3% Difference)
Duration 1-6 weeks Estimated 2-3 weeks
Buy AUDCHF Quote 0.667
Target 0.675 (1.1% Difference)
Duration 1-6 weeks Estimated 1-3 weeks
Buy EURUSD Quote 1.113
Target 1.12 (0.6% Difference)
Duration 1-6 weeks Estimated 2-4 weeks
Buy EURCHF Quote 1.082
Target 1.09 (0.7% Difference)
Duration 1-6 weeks Estimated 3-6 weeks
Buy USDCHF Quote 0.971
Target 0.982 (1.1% Difference)
Duration 1-8 weeks Estimated 2-4 weeks
I anticipate there may be reason to increase Sell-USD positions by diversifying with exotic instruments such as USDNOK in approximately 2-4 weeks when prices are more favorable in the short-terms as exotic instruments rallied against the US Dollar in the past 6 months, as I mentioned was a probable scenario in other threads many months ago and it appears likely this reversal-in-trend will continue and complete.