The downtrend seems strong with Kumo Cross with a future ahead. The previous Chikou Span also crossed and stayed below the price but..still not breaking the cloud which indicates that the price is still struggling to break the . Tenkan Sen and Kijun Sen had shown an early signal that the price is going to break down and now it confirms the Dollar's down trend.
Not a busy week for the Dollar. Majority of the calendar events labeled in red forecast giving a fundamental bias. C.O.T report however also shows contraction where the Large traders dropped to 58,927,00 from 76,407,00 traders. I believe the weakening Dollar will give opportunities for other currencies to gain strength despite of ranging price of Gold and the roaring Oil .
Visit my blog for more details. Cheeers!