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Owen1299
Jan 31, 2021 4:17 PM

Is the Dollar getting stronger Long

U.S. Dollar Currency IndexTVC

Description

This week I'm looking at the dollar showing continued strength from last week. Dollar to hold above the SMA and gap upwards tonight, looking for the gap to be filled through Asia session then a continued move upwards tomorrow, if the stock market does pull back like expected this adds additional confluence to a strengthening dollar due to their inverse relationship. If the dollar fails to hold the 90.4 level it is likely we could see a continuation to the dollar downside. Will be providing an update tomorrow based on market open this evening and the Asia session.
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