MDA Update: Long Swiss Franc, Short US Dollar Trades Reviewed, 10/13/17 – Daniels Trading

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Long December Swiss Franc – Short US Dollar Index Chart Updates

CLICK IMAGES TO OPEN CHART CONTENT

10/13/17 – Chart update showing long position

Source: MDA/dtPro/TAS

10/13/17 – Chart Update Showing US Dolar Short Position

Source: MDA/TAS

Breakdown of Today’s Update

Published 10/13/17 9:00 am central:

Traders,

I released 2 currency updates recently. Here are the updates to these positions.

We had a bullish CPI report this morning that pushed the stock market higher and has pushed the USD lower and other foreign currencies higher like the Swiss Franc.

10/10 on the Bull/Bear update – Selling the USD index

10/10 – Bull/Bear update Buying Swiss Franc and 10/11 – SnapShot Buying Swiss Franc

Position Updates:

Swiss Franc:

Long Swiss Franc (10/10/17 and 10/11/17 updates) @ 1.0290 or 1.0309

10/13 Session High @ 1.0343  (+93 cents or $930 per contract before fees)

Risk – move below 240 bottom – Looking for market to break daily top zone

USD Index

Short USD Index (10/10/17) @ 93.000

10/13 Market low @ 92.590 ( +41pts or $410 per contract)

Risk – move to entry. We are starting to attempt to break the 240 min bottom. Could be potential resistance but if closed below another bearish leg lower

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Below the updates, you will see the original charts showing buy/sell zones

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