DXY Long Idea
The monthly, weekly and 4 hour are all bullush while the daily time frame is bearish.
We can see price action has been forming lower lows and lower highs on this timeframe but has found some support around 96.50
We are looking for bullish opportunities as the major trend suggests an upward movement to come. We first need to see a break and retest of 97.80 to confirm a higher timeframe bullish continuation.
Potential for price action to reach 98.50
The monthly, weekly and 4 hour are all bullush while the daily time frame is bearish.
We can see price action has been forming lower lows and lower highs on this timeframe but has found some support around 96.50
We are looking for bullish opportunities as the major trend suggests an upward movement to come. We first need to see a break and retest of 97.80 to confirm a higher timeframe bullish continuation.
Potential for price action to reach 98.50