This is a break down of the US dollar index, which I find to be a pretty interesting look at the dollar. This may all sound a little over the top if you’re new to forex, but try and pay attention. The information is pretty unique and the educational experience is definitely there.
If you’re unfamiliar with what this is about, it isn’t on any macro like economic information. It is a look at behavior patterns in the graphs. There could be a double bottom for the US dollar, which could show a sign that the US dollar should start rising up pretty fast.
The thing that sucks is that the US dollar has been much lower than it is right now, which sort of sucks. It could fall. But it still could bounce off the double bottom and head back up to the 90 range.
