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DXY (USD Index) 4hour Analysis October 18th, 2020

Long
U.S. Dollar Index (TVC:DXY)  
ForexLeague  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Technical Indicators Forex forexsignals forexleague DXY USD priceaction Technical Analysis forexsignal
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DXY Long Idea

Daily Trend: Bearish
4Hour Trend: Bullish

Trade scenario 1: Price action continues with the 4hour bullish trend. Look for a confirmed break and retest of 94.000. If this happens we could see a push toward 95.000.

Trade scenario 2: We see a reversal at the current level. To confirm a bearish leg, look for a lower high below 93.600
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