The US Dollar Index has been bullish recently, but it is now at the prior swing high.
Will it be able to cross over?
While the market has experienced "Risk-Off" for the past few weeks, we might finally see a rebound in the equity markets, which will add some strength to the USD.
However, this might not be sustainable.
We will need to see the price break firmly above the prior swing high to be sure of more bullishness to come.
Will it be able to cross over?
While the market has experienced "Risk-Off" for the past few weeks, we might finally see a rebound in the equity markets, which will add some strength to the USD.
However, this might not be sustainable.
We will need to see the price break firmly above the prior swing high to be sure of more bullishness to come.
Note
With the latest bearish engulfing near the resistance instead of a successful breakout, it is looking very bearish now.Would rather be short than long.
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Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
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.