I am looking to trade US Dollar pairs like the GBPUSD and USDCAD(related to crude oil), for the day. I am looking for a break out before I decide to trade any US Dollar pair. Until I see a breakout. I will be looking for opportunities to trade other currency pairs.

US Dollar Index H4

We are above WPP indicating possible bull entry with a target to WM4. All MAs are flat with stochastic pointing to the downside. Market bearish move?

US Dollar H1

Price is below DPP with stochastics indicating bearish move in price. We can expect London open to sell the dollar considering current direction in US Dollar index.

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