$DXY forming a nice double bottom. Potentially forming rising wedge or upward channel. Let's see but strong double bottom is formed. Looking for breakout above $93.70 & then to $94 which is essentially neck-line of double bottom. Above $94 and we pressure the downward channel formed on the way down before nose-dive at the end which may come into play again. Breakout above that channel would show continued strength & could potentially retrace to $95.
I realize everyone & their siblings are looking at this double bottom right now, probably something to consider
15min
I realize everyone & their siblings are looking at this double bottom right now, probably something to consider
15min
Comment:
Dollar opening down from post last night, finding support at $93.25 where it found support a couple times before. I removed the yellow channel line.
Comment:
Just gonna keep updating!