EvanJones

US Dollar ready for a strong push to 98.5

Long
TVC:DXY   U.S. Dollar Index
2
Recently the economic data with the US dollar has helped it gain some momentum with a Bullish sense of direction. We have just broken the triangle marked which indicates that a move now towards 97 is on the cards. I expect some consolidation before I strong move towards the 98.5 area.

Expect some strong movement in USD pairs against commodity pairs in the coming weeks!

For more information please either follow me on here, twitter (@evanthethebanana) or at www.ejfxtrading.com

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.