Dollar Index Basket

Long

Updated

USDOLLAR Technical Bullish formation - H&S

A bullish head & shoulders appears to be forming within the rising channel of the $USDOLLAR.

Note

The bullish setup appears to be developing. On strictly technical basis, the bullish movement should reach the height of the head which I believe is quite possible.

Trade closed: target reached

Indeed the price reached the height of the head on H&S formation. A nice trade for the $USDOLLAR. Moreover good guide for associated pairs like or

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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.

Also on:

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.