The collapse of the USD seems to be over. The reason for this is that the down trend pattern started from 2020-03-20 and the trend line that existed from that day to date has now been strongly broken. Additionally, the cash flow index shows that a clear new capacity is being added to the market, so all USD pairs are preparing for a sharp fall, already creating a direct bull wave in the USDJPY and USDCHF markets and losing against the USD. Of course it is happening to EURUSD, GBPUSD, NZDUSD, AUDUSD and USDCAD is also creating a new uptrend with an informal inverted head and shoulder.
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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.