Tradeciety

Head and shoulders on the USD Index - what's next?

TVC:DXY   U.S. Dollar Currency Index
677 2 22
The macro situation is pointing more towards additional USD bullishness with the upcoming FED rate hike but the USD has been rallying for the past few weeks so a correction could also be likely.

Right now, the USD Index is in a head and shoulders and as long as price doesn't break the neckline, it's a neutral chart.

This will set the tone for the other USD Forex pairs but keep in mind that there is NFP day coming up tomorrow.
I am trading Forex for 12 years and 6 years ago I quit my corporate job to travel the world


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Nice one Rolf, let's see what happens with NFP then into next week
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Very good analys!! thanks for sharing :)
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