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US Dollar Index: Piercing Line Bullish Reversal on the Daily

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US Dollar Index (CAPITALCOM:DXY)  
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CAPITALCOM:DXY   US Dollar Index
Harmonic Patterns Chart Patterns Technical Indicators USD usdx DXY dollarindex piercingline Bullish Divergence Moving Averages
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harmonicpatterns chartpattern indicator usd usdx dxy dollarindex piercingline bullishdivergence movingaverage
The DXY on the 1 Day has set itself up a Piercing Line Reversal pattern while on the 2 day it has settled at the 200 SMA while showing Bullish Divergence on the MACD. If this plays out, it could go for an ABCD move upwards between the .618 and .786 Retraces. This could especially be a good time to enter AUDUSD shorts.
Trading ditutup: target tercapai:
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