vikinsa

#DXY #DollarIndex #Dollar Inverse Head and Shoulders Forming?

TVC:DXY   U.S. Dollar Currency Index
Traders, we have been watching this for quite some time. The level 91.9 can not be ignored if the price comes there. This is where it could be forming the right shoulder of inverse head and shoulder pattern. Fib 78.6 is also there but little bit below. DXY has already completed a bullish pattern around 92.54 and this current candle could be just a retest (spike sort of behaviour) before DXY starts to move upwards.


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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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Comments

I believe you in your analysis . But with all these lines on the chart . I can’t see anything.
+1 Reply
vikinsa Davebhojwani
@Davebhojwani, Thanks :) but not even with the big blue call outs and the red zone at 91.93? There is no technical analysis without drawings
Reply
@vikinsa, I agree with you 1000% . For technical you have zoom in and for visual (bigger picture) you have zoom out .
Reply
vikinsa Davebhojwani
@Davebhojwani, have a look at this video analysis of the same. This should help:
Reply
Very Nice Post U think one should buy at this level and go long from here what impact would be there If DXY rises metals would melt down ??? Shall I buy at this levels
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