Where is the US Dollar Heading?

2022年6月2日

Foregoing the higher time frame structural integrity at this time (Stand by for an HTF Update), an intraday perspective at present day price delivery, highlights future potential for the upcoming High Impact News Event, Re: Non-Farm Payrolls (NFP). Based on the annotated chart attached, this author is of the technical opinion that the US Dollar Index has 'shown its hand' to complete an impulsive bearish delivery to the downside. Therefore, in my opinion, we can be looking for shorting opportunities leading into this High Impact News Event, observing all rules of engagement as per your trading plan.