GetBusy88

USD: In a precarious position

Short
INDEX:DXY   US DOLLAR CURRENCY INDEX
1
- Closes the week below up trend line from 2012 and the 200WMA.
- MACD giving negative cross
- H&S formation with the neckline @78.60.

- Fundamentally the real question is was the weather really to blame for all of that bad data and will super dove Yellen continue to taper in the face of a softening economy?

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.