US Dollar IndexLong
The risk v reward tradeoff for the USD - USD bulls on notice
A BIG chart for the coming week - the higher time frames need work to really get the USD bulls excited and price is still contained below the 5-day EMA. However, we've seen divergence (one of best impending reversal signals) playing out and a closing break of the bear channel puts the upside targets at horizontal resistance at 105.40 and possibly the 200-day MA
One to start at constructively when the momentum starts to build - but for now, the risk v reward is shifting for USD shorts, and the case for consolidation and potential upside seems to be building.
One to start at constructively when the momentum starts to build - but for now, the risk v reward is shifting for USD shorts, and the case for consolidation and potential upside seems to be building.
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Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
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.