DJI, USD have reversed, are downtrending. For my own action, I look for DJI resistance followed by forex pairs to short the USD.
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.
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Price action on USDCHF, USDSGD and GBPUSD all agree that USD is likely to continue strengthening. GBPUSD has the clearest setup.
Instead of common bearish reversal patterns, USDSGD is printing a potential bullish continuation. It is doing a correction/retracement after which USD is likely to continue strengthening.
AUDUSD, USDSGD, USDCNH and EURAUD are moving very nicely according to the Tflow™ roadmap since the last 6 months. It is obvious where these pairs are trending and the river could provide a clue to the next optimum retracement zone.
Pairs are USDSGD, EURUSD, AUDUSD and EURAUD. Support and resistance levels drawn based on End-Of-day Close (forex pairs based on GMT+3, XAUUSD GMT+2). Charts from MT4. Transparent blue arrow and triangle indicate trend, red line shows current momentum.