eazywayout
Long

DXY (Dollar index) Daily

TVC:DXY   U.S. Dollar Currency Index
Price broke out of its downtrend channel on Thursday after U.S. higher job report numbers. Now a retest is needed which NFP helped out on Friday get a slight retracement. More dollar strength expected & a rate hike in December. Lets see if we can get a clear uptrend of higher highs & higher lows from now on forward..
Comment:
Comment: potential Daily inverse H&S pattern possibility..
Comment: may get a wick or candle touch to the moving averages before pushing up, definitely possible.. Something to look out for
Comment: looks like we may be forming that right shoulder to the inverse H&S pattern
Comment: expecting dollar weakness for now, PPI numbers on Thursday could bring back some strength to this pair
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