DOLLAR INDEX: Expecting USD strength through out week
The dollar index has broken out of a corrective down trend in what looks like to be an impulse. I believe that we will continue to see USD strength across the board through out the week until the NFP which would be very critical in deciding the general market direction afterwards. Ideally a positive or greater than expected NFP reading will continue to give strength to the USD and weaker reading will see all gains erased as the market is currently positioning for a potential rate hike soon. All forex pairs, indices and commodities will be affected.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
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