US Dollar Index At Support Level

22 sie 2018

First let's start by looking at the monthly candle. USD Index lost over 76% of its gains from the low 95.50. Although the month is not over, there's a question to be made whether USD peaked @ 97.00 level. As we look at the weekly timeframe, USD index put in a shooting star for the week prior, also what I considered a dark cloud cover pattern. It's tough to say what this week entail for US Dollar, or even next week. But unless we see a major bull run on these next few days of this week, it is bearish. Sell on every rise! - just my opinion.

Happy Trading, folks!

Cheers!

27 sie 2018

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