Get started
FXtremist

USD Index; On the brink of breaking strong level

Short
U.S. Dollar Index (TVC:DXY)  
FXtremist  
TVC:DXY   U.S. Dollar Index
Trend Analysis USD USDJPY USDCAD USDCHF DJ FXCM Index
5
0
trendanalysis usd usdjpy usdcad usdchf usdollar
Ahead to the Non-farm Payroll this Friday, USD is weakening since no indication or market intervention for the price to shoot up. This leads to a further downtrend channel.

Theres few levels that might be significant to be monitored since USD is now bearish.

Strong level have been tested few times previously, and we expect the price to fake-break that level and retrace upward.

Keep in mind that major trend on lower TimeFrame is still strongly bearish.

TAYOR (Trade At Your Own Risk)
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.