DXY monthly is also showing H&S pattern. I wonder if that will coincide with the dollar collapse. But patterns only have a 50% chance of success, so I would not draw anything conclusive out of that.
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DXY monthly is also showing H&S pattern. I wonder if that will coincide with the dollar collapse. But patterns only have a 50% chance of success, so I would not draw anything conclusive out of that.
Hi, @biebel36
I agree with you that TA is not an exact science but it helps. Just like the break through the neckline in the eurusd chart was pointing to euro weakness last year but now the eurusd has gone back above the neckline and is looking very positive.