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MC_Mike_Trading

DXY ready for a buy?

U.S. Dollar Index (TVC:DXY)  
MC_Mike_Trading  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Wave Analysis DXY index Divergence Relative Strength Index (RSI) double bottom
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trendanalysis chartpattern waveanalysis dxy index divergence relativestrengthindex double bottom
TF: 12 Hr

DXY looks pretty overold and likely needs a correction. Bullish divergence can be seen developing on the 12 hr for the RSI and slightly on the MACD. Price is also near another significant low which may produce a double bottom, which would be another bullish reversal confirmation.

Let me know what your idea is for DXY below.

See my previous DXY analysis here:
DXY
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