This week's renko technical analysis continues with focus on EURUSD, USDJPY, XAGUSD (Silver) and USDCHF. We continue to maintain the basis that the dollar could be seeing some weakness in the near term and providing some good trading opportunities. This week's analysis also includes trading positions, most offering a 1:3 Risk/Reward set up.
This week we look at EURUSD, USDCHF, USDJPY and XAGUSD (Silver). Last Friday, the US dollar jumped after Janet Yellen said that the case for rate hike had strengthened. This led to a strong rally in the USD leaving many USD crosses vulnerable and posting strong losses.