Looks like $USDX is finding support at 82.20. Divergences are also favouring the green back. Dollar counterparts must be cautios I believe. $EURUSD $GBPUSD
$GBPUSD is getting ready to dive. We could see one more attempt towards 1.53 but that's it! Hold your breath.. We're going down...
$DXY Medium term down trendline is pressing down, however the index is supported by a rising trendline. RSI is giving the signal of a breakout. I would not be surprised to see 81.30 before it moves over 81.60. This move will possibly trigger a breakout in $EURUSD towards 1.6000 where a big sell-off will start which will possibly end up at 1.2200. jackson Hole will...
A possible top formed at $EURUSD after hitting the resistance.
$USDCAD Almost same daily pattern for the last 2 months. Again we are at support line. The downtrend is confirmed but expecting a pullback till 1.012 - 1.020. Then we will watch for momentum for upside break of the resistance. (Daily signals will be submitted through dailyfxinfo twitter account.)
$USDCHF supported by 50 day moving average. The general trend is up. The price is aiming top of the channel line. Long at 0.9685