#510: Has the US Dollar Crashed?

Has the US Dollar Crashed?  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #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 big trends because that's how you can trade with the main trend. If you see this continued US dollar weakness and you see other currencies looking particularly strong, then you start to bring in and start to bring in the strength and weakness analysis that we look at to help us to trade on the right side of the market. Of course, we're still looking for the right technical setups in candle patterns and what part of the chart the candle has closed in, etc. like that? Do we have room to move to our profit target? Have we got some form of stop loss protection or round number for our stop loss to help ourselves out there and to increase our probability of a successful trade. We analyse the Weekly and Daily Strength & Weakness But also at the Forex Trading Coach on a weekly basis, we look at and analyze the weekly charts and we post for our clients each week. Every Monday morning, the likely strength and weakness directions on the bigger picture weekly charts on a daily basis. Each day we do exactly the same based off the daily chart. We look through the daily charts and we look at which currencies are looking particularly strong or particularly weak. And then we also mention which currency pairs are likely to move in which direction for that particular day. Does that mean that every time if we say the US Swiss francs looking for sell opportunities,