FarzadKhaliqi
Long

Is this New cycle beginning for LONG US DOLLLAR ???

TVC:DXY   U.S. Dollar Currency Index
63 0 7
It may be forming a double bottom pattern from which it will bounce off.
The alternative would be for it to break down creating a failed trading cycle.
We are either on day 35 of the current trading cycle or on day 2 of a new trading cycle.
This suggests the direction the dollar takes will be decided rather soon.

Charts suggest dollar may face critical point this week !

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