yitiancai
Long

DXY will turn into bullish if head and shoulder bottom formed

TVC:DXY   U.S. Dollar Currency Index
You can see two head&shoulder in the chart. For the frist pattern, it's the beginning bearlish trend of DXY .
Now, the price is out of the decline channnel,it means that the decline trend has already change ! And the MACD is above the 0 zone.
If the head&shoulder bottom is formed ( it has not been formed yet!), the trend of USD will competely change! 94.25 will be the key point!
Oct 25
Comment: the pattern is nearly formed
Oct 25
Comment: the pattern is nearly formed
Oct 26
Comment: Pattern formed!!!! USDX will rise
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