DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We’re now looking very bullish on DXY, price action broke above the range and formed a higher low.
From the current level it is very likely price action will continue higher toward major resistance levels. Look for bullish momentum early in the week to confirm!
Trade scenario 2: For us to consider DXY bearish we would need at least a break back into the lower range follow by a break of key support at 92.500.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We’re now looking very bullish on DXY, price action broke above the range and formed a higher low.
From the current level it is very likely price action will continue higher toward major resistance levels. Look for bullish momentum early in the week to confirm!
Trade scenario 2: For us to consider DXY bearish we would need at least a break back into the lower range follow by a break of key support at 92.500.