1. DXY is forming a double bottom.
2. 1.618 extension of previous swing high indicates a potential reversal zone.
3. 0.618 retrace of the big rally from May 2014.
Buy on the neckline at confirmation of double bottom.
2. 1.618 extension of previous swing high indicates a potential reversal zone.
3. 0.618 retrace of the big rally from May 2014.
Buy on the neckline at confirmation of double bottom.
Comment:
This means bullish in USDJPY, bearish in EUR/USD etc
Comment:
Make USD great again.
Comment:
This is a long rally, we are seeing resistance here at previous high. I'm turning neutral here. But if we break this level, the next target will be 98.
