The US Dollar Index 0.16% is showing significant price rejection on the weekly chart at a prior established resistance level . This suggests the US Dollar 0.16% could be in for weakness - baring any unusual news.
Suggested trade - Find a USD pair showing this pattern on the weekly chart (there may be several.) Drill down to the daily or even the 4 hour to find a good short trade signal (use the strategy of your choice.)
USDJPY Weekly has a similar as US Dollar weekly
USDJPY 1H bullish trend line breakout short
Watch Dollar index on 1H and 4H to follow direction on USDJPY
Suggested trade - Find a USD pair showing this pattern on the weekly chart (there may be several.) Drill down to the daily or even the 4 hour to find a good short trade signal (use the strategy of your choice.)
USDJPY Weekly has a similar as US Dollar weekly
USDJPY 1H bullish trend line breakout short
Watch Dollar index on 1H and 4H to follow direction on USDJPY
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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.
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.