SignalTradersUK
Short

USD $ - not looking so good

INDEX:DXY   U.S. Dollar Index
112 1 1
Just like the USDJPY             chart last week, where I thought this is a big correction coming up, it turned out to be a lttle correction. Or maybe its a Fake Out, Shake Out and soon to be Break Out... Who knows, we have to take each trade 1 day at a time.
However, the USD DXY             chart looks like most pairs are giving up on the strong $, so if NFP comes in with bad numbers QE             4 ever may kick in again.. Again, who knows > ????
For now traders are trading a break down of a trend line, some of us will be looking for a pull back to short again.
ForceFollower
2 years ago
Yes, I agree, the outlook is bearish.
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