These are bearish signs for the USD, most notably the event (refer to EURUSD) on March 20th 2019 that took the USD down roughly half of 1% (more importantly, refer to US Dollar Index).
Anticipate downside pressures because a USD (again, refer to US Dollar Index) head and shoulders pattern is at wave 5.
Favorite pairs (in order of duration)
SELL - USDCAD - Latest - 1.34 Target - 1.335 (0.4% difference) Duration 1-2 Weeks
BUY - EURUSD - Latest - 1.1248 Target - 1.145 (1.7% difference) Duration 1-4 Weeks
SELL - USDJPY Latest - 110.5 - Target -109.5 (0.9% difference) Duration 1-6 Weeks
SELL- USDZAR Latest - 14.59 Target 14.30 (2.0% difference) Duration 1-10 Weeks
BUY - AUDUSD - Latest - 71.37 Target - 72.9 (2.1% difference) Duration 2-10 Weeks
SELL - USDCNY - Latest 6.7 - Target - 6.4 (4.6% difference) Duration 25-100 Weeks
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