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peter-l
May 25, 2023 2:23 PM

Can the dollar form a double bottom? 

U.S. Dollar Currency IndexTVC

Description

In mid-April, I published an article on the trend of the US dollar. At that time, I mentioned that the US dollar may have a 3-day cycle of macd deviation. At present, the rebound of this bottom divergence is in operation.

From the perspective of form, the system also gave a double bottom. Of course, whether this double bottom can be formed depends on whether the neckline of 105.8 can be broken through.

Moreover, from the perspective of the wave shape, if it breaks through the neckline of 105.8, it is still in the b-wave rebound.

From a fundamental point of view, the global stock market has been at a high level recently and is facing adjustment pressure. If the Fed’s pace of raising interest rates is only slowed down, the pressure on assets will still be great
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