Dollar Index bottom
Updated
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.
Note
This means bullish in USDJPY, bearish in EUR/USD etcNote
Make USD great again.Note
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.
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