Sforex

USDollar: A strong signal for downtrend. FOMC Minutes next

INDEX:DXY   U.S. Dollar Index
133 2 3
For the first time, I see EMA50 + SMA50 + SMA100 + SMA200 converge in 1 point.

While price is under that point, and under Kumo

FOMC Minutes next, if it cannot provide catalyst for Dollar, the downtrend is unstoppable.

CL1! becoming very bullish is helping dollar downside, upcoming events only to be detrimental to the dollar.
+1 Reply
IvanLabrie PRO Tom_Killick
+1

Next week we will see really big moves.
Reply
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