DXY Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’ve been very bullish on DXY and we will continue to look bullish as long as price action is above 91.500.
For now we are seeing a bit of sideways movement and we need a few more confirmations before we can make a decision as to where price is going.
Ideally we would like to see a pullback to test 91.500 again followed by a strong reversal and continuation of this bullish trend.
Trade scenario 2: For us to consider DXY bearish we would need to see a break of 91.500 with confirmed lower highs below.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’ve been very bullish on DXY and we will continue to look bullish as long as price action is above 91.500.
For now we are seeing a bit of sideways movement and we need a few more confirmations before we can make a decision as to where price is going.
Ideally we would like to see a pullback to test 91.500 again followed by a strong reversal and continuation of this bullish trend.
Trade scenario 2: For us to consider DXY bearish we would need to see a break of 91.500 with confirmed lower highs below.