USD downward trend in a coming week?

ECB's (dovish) decision shocked Forex market yesterday as their negative outlook to the European economy and geopolitical uncertainties over the world, such as Brexit, US-China trade war, ...

On the other hand, in short term horizon, USD have been relatively stronger for a last couple of week against major currencies JPY, CHF, AUD, NZD, GBP and EUR of course. Our trend and momentum signals indicate this bullish USD could get bounce back. In the next week, more stories about Brexit anticipated, the market could turn more negative mood. If it is, JPY or CHF which are traditionally safe asset in bearish market can be relatively stronger in the negative market.

Here are some of snapshots from the trend and momentum charts. Those are as of the beginning of today (UTC).

[GBPUSD Trend and Momentum 8-Mar-2019]

[AUDUSD Trend and Momentum 8-Mar-2019]

[EURUSD Trend and Momentum 8-Mar-2019]

EURUSD jumped after yesterday's ECB decision.




[NZDUSD Trend and Momentum 8-Mar-2019]

[USDCHF Trend and Momentum 8-Mar-2019]

[USDJPY Trend and Momentum 8-Mar-2019]

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