Scalp on DXY and the possible outlook of the US DOLLAR
So basically this is a 15min scalp on the DXY. It shows that price will rise to the resistance at 106739
There were 2 confirmations from 1H, 30min, and 15 min. On 15min and 30min timeframes, price broke above a small resistance and is now retesting it. We would be expecting price to go up from this retest.
On 1H, DXY is in an uptrend and just comes from the resistance trend line.
This setup would be help in short scalping any XXXUSD pairs and long scalping any USDXXX pairs. Please note that not all USD pairs corralate with each other and that the weaker currency must be checked through fundimentals first.
There were 2 confirmations from 1H, 30min, and 15 min. On 15min and 30min timeframes, price broke above a small resistance and is now retesting it. We would be expecting price to go up from this retest.
On 1H, DXY is in an uptrend and just comes from the resistance trend line.
This setup would be help in short scalping any XXXUSD pairs and long scalping any USDXXX pairs. Please note that not all USD pairs corralate with each other and that the weaker currency must be checked through fundimentals first.
Comment:
Our scalp may be a swing trade but I am do believe that DXY will still rise