What happened
Now it got clear that the Dollar is correcting, as DXY closed the week strongly with a full-body weekly candle. At the same time, risk assets reacted negatively, tumbling on Friday.
Be patient with USD
I'm still reluctant to buy DXY anyhow. However, if there is a good long setup in safe-havens, I'd rather buy JPY, which has been historically stronger than USD, some relatively weak cross-pair, or an index.
Main focus
The best trend continuation setups form during corrections, so it would be a good idea to look into the strong instruments like NZDUSD, AUDUSD, Nikkei225, China A50, or any other outperforming ones to spot the possible long-setups.
Now it got clear that the Dollar is correcting, as DXY closed the week strongly with a full-body weekly candle. At the same time, risk assets reacted negatively, tumbling on Friday.
Be patient with USD
I'm still reluctant to buy DXY anyhow. However, if there is a good long setup in safe-havens, I'd rather buy JPY, which has been historically stronger than USD, some relatively weak cross-pair, or an index.
Main focus
The best trend continuation setups form during corrections, so it would be a good idea to look into the strong instruments like NZDUSD, AUDUSD, Nikkei225, China A50, or any other outperforming ones to spot the possible long-setups.