USD Strength Analysis
The dollar index is trading at a potential support area, while trading on the right side of the kumo cloud and kijun vs the other currencies; if we do get some dollar strength, we need to decide which currency it would be best to match it up against. Looking at all the daily charts, the best candidate right now looks to be the NZD/USD, the pair is trading at kijun+kumo resistance, and is looking to potentially form a bearish engulfing pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.