Anti-Dollar Trading Across The Board, Automated Trading Signals Suggest

The overall outlook for the U.S. Dollar appears to be mildly negative according to our [B]Forex Automated Trading Signals[/B]. From the image provided below we see that momentum is in favor of the Euro, Pound, and New Zealand Kiwi against the Dollar while the trend appears to be sideways. Such a discrepancy could insinuate a range trading environment for the greenback with greater profit opportunities on the short side. Similarly, the USDCAD has momentum going in favor of the Canadian Dollar. However, we see a definitive trend in this case; one in favor of the Loonie.

USD-Yen and AUSUSD see no directional momentum. The former shows a downward trend while the latter exhibits ranging characteristics. Overall, the automated trading signals appear to lack any favor for the Dollar.

See more [B]Forex Buy/Sell Signals on DailyFX+[/B] and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our [B]Weekly Forex Trading Strategy Outlook[/B] report.