DXY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish on the USD. We can see we are consolidating a little bit at key resistance near 103.000.
How price action reacts here will determine where we go next for the week ahead.
If we are to continue bullish we need to see a higher low above 103.000 to confirm this.
Trade scenario 2: For us to consider USD bearish again we ideally need to see a lower high below this area of consolidation.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are still very bullish on the USD. We can see we are consolidating a little bit at key resistance near 103.000.
How price action reacts here will determine where we go next for the week ahead.
If we are to continue bullish we need to see a higher low above 103.000 to confirm this.
Trade scenario 2: For us to consider USD bearish again we ideally need to see a lower high below this area of consolidation.