piphunters
Long

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

Reply
piphunters colinsheen
well if the dollar is strengthening we would expect USDJPY to go up like it's going right now isn't it
Reply
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
Reply
colinsheen piphunters
;-)
+1 Reply
Very intelligent idea. Thanks 1
Reply
piphunters waterman
you are welcome
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