Sforex
Long

USDollar: It was a great move from year low: Kumo cloud next.

TVC:DXY   U.S. Dollar Currency Index
84 0 5
I avoid to analyze DXY             chart because performance of greenback vs other currencies is not identical.

This week, with payrolls and many numbers of strong data, I believe USDollar             continues to outperform vs Euro             , Cable and Yen while lower vs Loonie, Aussie, and Kiwi.

It means USDollar             moves in two opposite ways vs commodity currencies and safe-haven currencies.

Look at on the chart, the price action of DXY             follows ascending channel I draw on the chart.

SMA200 was behind it. DXY             now stops at SMA100 + SMA100

And a flat Kumo cloud on the heat of price.

Here is my view, DXY             will test Kumo cloud this week, more appreciation of DXY             is coming.
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