DXY forming a nice double bottom. Potentially forming rising wedge or upward channel. Let's see but strong double bottom is formed. Looking for breakout above $93.70 & then to $94 which is essentially neck-line of double bottom. Above $94 and we pressure the downward channel formed on the way down before nose-dive at the end which may come into play again. Breakout above that channel would show continued strength & could potentially retrace to $95.I realize everyone & their siblings are looking at this double bottom right now, probably something to consider
15min
Note
Dollar opening down from post last night, finding support at $93.25 where it found support a couple times before. I removed the yellow channel line.Note
Just gonna keep updating!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.