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DXY (USD Index) 4hour Analysis October 17th, 2021

Long
U.S. Dollar Index (TVC:DXY)  
ForexLeague  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Technical Indicators Forex forexleague forexsignals priceaction DXY USD Technical Analysis
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trendanalysis chartpattern indicator forex forexleague forexsignals priceaction dxy usd technicalanalysis
DXY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: Looking Bullish on USD into this week. We can see price action is in a range on this 4hour timeframe between 93.800 & 94.400.

Currently it is likely price action will bounce off support around 93.800 and push higher.

Trade scenario 2: For us to consider DXY bearish we would need to see a break of 93.800 with a lower high below.
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