DJI, USD have reversed, are downtrending. For my own action, I look for DJI resistance followed by forex pairs to short the USD.
Odds of further Fed hikes in 2019 dinimished to virtually zero based on CME Fedwatch Tool. DXY reinforces this with down trend price action.
I am banking on XAUUSD to follow a price pattern that USDSGD printed earlier this year. If the same happens, we have a long setup.
USD bulls are in charge at moment but common feature of these forex pairs is how easily they could switch to reversal. Charts of EURUSD, GBPUSD, USDSGD, USDCNH.
Eyes on GBPUSD, GBPJPY with BOE monetary policy, bank rate tomorrow at 7pm. Observations: both pairs are down trend, parked at resistance. 3 charts.