nikitafen46

DXY Daily Head and Shoulders

TVC:DXY   美元指数
So far, I am seeing a head and shoulders for the US Dollar Index             daily chart .

To actually trade this, another movement down to 99.40 area is needed to fully form this.

However, Thursday's daily candle actually managed to close above the first shoulder's resistance - which leads me to watch this pair carefully and not rely on any bearish movement. My thinking is that since that green candle broke 102.05, that price has a greater chance of breaking out to the upside and moving upwards to the 103.50 area. A break of 102.35 level will confirm this bullish up move.

Remaining neutral

(Linked is the bullish Gold             analysis)
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