JayanVarsani

DOLLAR INDEX - STILL BULLISH | CONTINUATION / INVERSE H&S INTACT

Long
TVC:DXY   U.S. Dollar Index
  • I am bullish due to the fact that, although the dollar has been heavily inflated, it has been oversold and there becomes a point where there's demand and a good value
  • My previous idea showed a similar inverse head and shoulders idea however that didn't play out and the structure broke apart
  • However, the adjusted formation shows that it can indeed still be in play and still carry out to fruition
  • Hence, I am bullish and continue to expect the dollar gain in value throughout the next few months

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