The US dollar is regarded as the world's strongest currency. Why? First, the greatest consumer market is in the US. Second, the USD is the main reserve and trade currency used internationally.
The double bottom pattern always follows a major or minor down trend in a particular security, and signals the reversal and the beginning of a potential uptrend.
Check the major trend in the Daily chart( uptrend or downtrend).
The 15-minute chart is a favorite of day traders. While scalpers may prefer lower time frames to catch more trade opportunities, day-traders could focus on the 15-minute chart to profit from larger price movements throughout the day.
