The USD Index closed mostly unchanged on Friday, supported by the relatively strong employment data. Looking at the recent manufacturing readings, Friday's figures really could have been worse. So, can there be more downside action shortly before another leg higher?

Meanwhile, oil enjoyed higher prices on Friday, closing right on its declining resistance line. Its upswing continues today, boosting our open profits. Where is the oil price move likely to reach? Let's see the charts and to get the most likely target.

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The USD Index has risen from its daily lows near important supports yesterday. Both of them have been approached yet not tested. Can there be more downside action shortly before another leg higher?

Meanwhile, oil has indeed rebounded from the key support, and our decision to open long positions became immediately profitable. It's up to the bulls to prove their mettle right now - how far can they take the oil price? Let's consult the charts and assess the unfolding move's veracity.

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The USD Index made another run higher yesterday, though the bulls' efforts have fizzled out. Yet again, the index closed near its lows. Is short-term weakness merely likely or also imminent? And again, how to play that in our trading?

Meanwhile oil has reached an important support yesterday, and we conveniently cashed in decent profits. The setup leading to this decline has been mirrored once in recent history - so if it is any guide, will it lead to a bit more downside, or is a price recovery imminent. Importantly, how should we handle that in our trading?

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Black gold's decline goes on, and today's congested trading doesn't change that. The medium-term factors tend to win over the short-term obstacles simply. But still, can today's situation be an exception to the rule?

Meanwhile, the USD Index has reversed yesterday after attempting a breakout above the rising resistance line, vindicating our cautious approach. But the dollar is on an upswing today. With the jobs data provide a convenient catalyst for the upcoming breakout, or a bit more patience is warranted?

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After several days of relative hesitation, oil did finally moved through and closed below an important support level, making our position immediately profitable. Can the bulls however mount a strong enough response to invalidate the breakdown?

Meanwhile, the USD Index is sitting at its strong short-term resistance line. With many doubters of recent USD strength, what's the likelihood of the upcoming move higher being a lasting one?

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