USD Index in weekly charts are showing uptrend, and it breaks the “all time high”. Yesterday daily close is confirming that the up trend may continue in weeks. Forex Analysis.
The USD Index is related with USD currency. If it went up, the USD was getting stronger.
I do not trade USD Index.
So it means the strength may lead to EURUSD moving down, GBPUSD moving down, AUDUSD moving down NZDUSD moving down. And USDCAD will move up.
I do not see any trade signal yet in H4 within those currency. But there is signal in AUDUSD H1 and NZDUSD H1. You may look into it if you like to.
USDJPY is quite different because the JPY is stronger than USD. So the USDJPY is still moving down. The all time support will be 116. See if the price could break 116.
No trade yet according to trading system Fibonacci
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