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yitiancai

Wait for the head and shoulder! USD may rise in the longterm

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Dow Jones FXCM Dollar Index (FX:USDOLLAR)  
yitiancai  
FX:USDOLLAR   Dow Jones FXCM Dollar Index
Trend Analysis Chart Patterns Technical Indicators USD
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trendanalysis chartpattern indicator usd
You can see two head&shoulder in the chart. For the frist pattern, it's the beginning bearlish trend of USDDOLLAR.Now, the price is out of the decline channnel,it means that the decline trend has already change ! And the MACD is above the 0 zone.If the head&shoulder bottom is formed ( it has not been formed yet!), the trend of USD will competely change! 12043 will be the key point!
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