Long
Dollar flying
The DOLLAR INDEX has crossed an important high (84.500) after positive US employment reports (Friday 5th of July 2013). The up-sloping median line has also been crossed and the price projection is now towards the upper parallel (86.000-87.000). Next week (w/s mon the 8th of July) will be probably be bullish for the US dollar with major impact on the other currencies and commodity prices.
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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.