So you know we had a surprised Non Farm payroll numbers last Friday. The Green Back is showing some strength. I see some Long setups in dollar pairs, before I start my trade selection, I would like to have a look at Dollar Index.
We saw dollar kinda bottomed around 71-ish level. Well, maybe I should say, it chopped around 71-ish area. And it started to show some strength in April. Of course, even the doggy outside my apartment can tell, USD is still in established downtrend, in medium to long term. For now, I see 75-ish level as a target before it continues its downtrend.
So, I might have a couple short term long USD positions in the coming week. Let’s see how it plays out.
Here is the ….. CHART!
Here is the ….Trend Score! Bear in mind , we are having a very weak uptrend though….