kes2910

Structural change in USD vs GBP and EUR (post covid stagnation)

FX:USDOLLAR   Dow Jones FXCM Dollar Index
USD has made a substantial "lower low" and this is matched by the EUR making a substantial "higher high".

However GBP is failing to keep pace and is not making the higher high...

USD also coming into some lows as NFP approaches tomorrow.

I anticipate USD to drive down to complete the sell-off and then we may see a bullish shift (and bearish EUR +GBP etc).

As for signals - look for daily swing lows (USD) and daily swing highs (EUR + GBP).

USDOLLAR

EURUSD

GBPUSD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.