DOLLAR INDEX: Expecting upside now

FX:USDOLLAR   Dow Jones FXCM Dollar Index
906 7 47
The downside looks over for now and we can now expect upside in the index in the coming week so will be helpful to keep it in mind. If we get an impulse as a breakout the downside for all majors except USDJPY             will start.
Comment: broke out to the upside
Comment: The setups posted here are not trade calls and are intended for informative purpose only and you should use your own strategy to determine an entry. I am unable to post everything here on Trading View, if you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.

Wish you good trading!
hello, thanks for the analysis. Wondering why excepting the Yen? I'm expecting Yen to weaken too.

piphunters colinsheen
well if the dollar is strengthening we would expect USDJPY to go up like it's going right now isn't it
colinsheen piphunters
ah okay, i thought you mean usdjpy will go down because you didn't mention usdchf. just a mis understanding :)
+1 Reply
piphunters colinsheen
alright! didn't mention USDCHF because it will move opposite to EURUSD most of the time
colinsheen piphunters
+1 Reply
Very intelligent idea. Thanks 1
piphunters waterman
you are welcome
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