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TradingProXY

DOLLAR INDEX: DOWN THEN UP?

Long
US Dollar Index (CAPITALCOM:DXY)  
TradingProXY  
CAPITALCOM:DXY   US Dollar Index
Trend Analysis Chart Patterns Technical Indicators dxyindex dxyanalysis
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trendanalysis chartpattern indicator dxyindex dxyanalysis
Hi there.

We can see a squeezing triangle pattern forming for the Dollar Index on the 1hr and 2hr time frame. It is currently Bearish and MIGHT do down to the triangle level before bouncing off.

Any idea about this one, please share your thoughts?
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