Tweezer Bottom Pattern $USD
Tweezer Bottom Explanation: (using Japanese Candlesticks)
https://duckduckgo.com/?q=tweezer+bottom+pattern&t=chromentp&atb=v245-1&ia=web
Note the $USD tweezer bottom this morning on the finviz site (posted below) Also note the tweezer bottom pattern $USD late October that lead to the break higher from the consolidation pattern.
One might expect a $USD return to the top of the pattern, and likely a break out topside (assuming the tweezer pattern holds for the day)
$USD and $GOLD can move in the same direction, but most often they move in opposite directions.
Agree. The dollar is still the prettiest of the ugly sisters – the Euro being the worst of all. The $USD is now the world’s safe haven and is heading higher.