Head and shoulders on the USD Index - what's next?
The macro situation is pointing more towards additional USD bullishness with the upcoming FED rate hike but the USD has been rallying for the past few weeks so a correction could also be likely.
Right now, the USD Index is in a head and shoulders and as long as price doesn't break the neckline, it's a neutral chart.
This will set the tone for the other USD Forex pairs but keep in mind that there is NFP day coming up tomorrow.
Right now, the USD Index is in a head and shoulders and as long as price doesn't break the neckline, it's a neutral chart.
This will set the tone for the other USD Forex pairs but keep in mind that there is NFP day coming up tomorrow.
I have been trading for 15 years!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.