Has the US Dollar Crashed?

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#510: Has the US Dollar Crashed?

In this video:
00:24 – The recent US Dollar crash
01:08 – What’s caused the weakness in the USD?
02:11 – We analyse the Weekly and Daily Strength & Weakness
03:45 – What to do when a trade sets up against the trend? 
04:24 – Did you profit from the recent USD move
04:54 – Trading with Blueberry Markets

Has the US dollar crashed? Did you take advantage of it? And will that trend continue? Let’s talk about that and more right now at.

Hey there, traders. It’s Andrew Mitchem here at the Forex Trading Coach video and podcast number 510 today.

The recent US Dollar crash

I want to talk all about the recent crash that we have seen in the US dollar. I hope you’ve taken advantage of it and you’ve seen plenty of good trading opportunities. You have a look at the US Dollar Swiss franc chart, for example.

Right now as I’m recording this on the 14th of July 2023, the US dollar right now is at a level we’ve not seen for eight years back in 2015. Go and have a look at the charts. It’s just crashed. The US Swiss franc has absolutely crashed against other currencies. The US is also looking weak. Some of them are rates, highs or lows depending on which currency for the year. Some are now at levels not seen for several years as well.

What’s caused the weakness in the USD?

So what’s caused that? Well, as traders, to be perfectly honest with you, we don’t really need to worry about what’s caused it because there’s probably a multiple number of factors there that have caused that US dollar weakness. However, the important thing, especially as technical traders, is that we see this happening all out charts and we take advantage of these moves and the bi