DXY Reversal Pattern?
US dollar got strengthened and had a good growth after touching the support level at 92.500 in the last week…
Currently, price is struggling to break the Weekly High but it has been rejected again and has made a 4H shooting star candle with a long upper shadow.
I expected more rise for dollar index in this week but it seems like price is not going to break the last week’s high and it is being pushed to the downside.
Moreover, there is a high probability that price makes a reversal double top pattern.
If price make the reversal pattern and drops to 92.450, we can expect more downside move around 92.00 after the pattern’s neckline breakout.
Currently, price is struggling to break the Weekly High but it has been rejected again and has made a 4H shooting star candle with a long upper shadow.
I expected more rise for dollar index in this week but it seems like price is not going to break the last week’s high and it is being pushed to the downside.
Moreover, there is a high probability that price makes a reversal double top pattern.
If price make the reversal pattern and drops to 92.450, we can expect more downside move around 92.00 after the pattern’s neckline breakout.
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