DXY: US Dollar Index looks bound to pick up
Price is now lying in a critical area between resistance/support lines.
RSI is giving a strong signal to buy, as evidenced by previous levels, while also completing a bullish AB=CD pattern.
Price will either consolidate for a while hugging the touchline, before rallying up (PURPLE), or go bullish for the upper channel line, retrace, then rally on the break (RED).
Rally is set to complete near previous resistance levels, also forming a bearish shark pattern, where price should head south on it's completion.
RSI is giving a strong signal to buy, as evidenced by previous levels, while also completing a bullish AB=CD pattern.
Price will either consolidate for a while hugging the touchline, before rallying up (PURPLE), or go bullish for the upper channel line, retrace, then rally on the break (RED).
Rally is set to complete near previous resistance levels, also forming a bearish shark pattern, where price should head south on it's completion.
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