DXY forms a Bullish Reversal Pattern

Long

Indice devise Dollar U.S. (TVC:DXY)

Mis à jour

TVC:DXY Indice devise Dollar U.S.

DXY USD DJ FXCM Index SPX (S&P 500 Index) XAUUSD EURUSD USDJPY GBPUSD AUDUSD USDCAD

dxy usd usdollar spx xauusd eurusd usdjpy gbpusd audusd usdcad

DXY is forming the right shoulder of the inverted Head and Shoulders pattern.

Buy on Neckline breakout.

Cheers!

Commentaire:

Right should is now well developed. To take a trade i would wait for the neckline breakout.

Commentaire:

In a smaller time frame, 4hr chart, RSI broke out of the down trend which give a good indication that DXY is heading for the the neckline of IHS.

snapshot

Commentaire:

RSI is in search for higher values on daily chart.

snapshot

Commentaire:

DXY formed a pin bar on daily. This should hold the bullish channel intact.

snapshot

Commentaire:

Approaching the downtrend.

snapshot

Trade fermée: cible de profit atteinte:

I think DXY has reached the target or almost but I will call an end here.

It's never been a free market and will never be.

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