Tradeciety

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

TVC:DXY   The U.S. Dollar Index
669 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.
Nice one Rolf, let's see what happens with NFP then into next week
Reply
Very good analys!! thanks for sharing :)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out