DXY looking bearish.
Looks to me as though there is a nice head and shoulders forming on the daily charts. This would look to push the dollar to at least the 89.55 level in the next weeks or so.
This is interesting as its been forecasted that in the next few months the dollar will be performing at a much stronger 96.0 level in the next few months
(see: tradingeconomics.com). Could these move be a push to the downside to form a double bottom before the DXY becomes bullish?
Let me know your thoughts below.
*I do not claim to be an expert*
This is interesting as its been forecasted that in the next few months the dollar will be performing at a much stronger 96.0 level in the next few months
(see: tradingeconomics.com). Could these move be a push to the downside to form a double bottom before the DXY becomes bullish?
Let me know your thoughts below.
*I do not claim to be an expert*
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