Dollar has been too strong lately and maybe it needs a bearish correction. Also, EURUSD is testing a bullish channel which might work or not. Gold seems to be making a bearish correction (maybe around 1235 but I'm not sure. Also remember USDJPY and SPX and DJIA are directily correlated, so if the setup works we might see a higher stock market too. Everything will depend on the fundamentals, let's see how it goes ^_^
Note
Conversely, in a bearish case, USDJPY could test these lines, though they could be quite strong. :-/Note
Seems the bearish case won, we're in a dollar correction ,pay attention to the EURUSD channel.
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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.