DXY growth with the help of Double Bottom pattern🚀

May 10, 2023

DXY index managed to form a Double Bottom pattern near the🟢support zone($ 101.3-$ 100.82)🟢 so that Regular Divergence(RD+) can be seen between the first and second bottoms.

DXY has already completed the pullback to the neckline and is breaking the upper line of the descending channel.

I expect DXY to grow to at least the downtrend line after breaking the upper line of the descending channel.

U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2h-time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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May 11, 2023

Note

DXY was able to break the upper line of descending channel

May 15, 2023

Note

New update

May 16, 2023

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running well

May 21, 2023

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New update

Weekly Time frame