TradingView
ForexLeague
Nov 29, 2020 9:57 PM

DXY (USD Index) 4Hour Analysis November 29th, 2020  Short

U.S. Dollar Currency IndexTVC

Description

DXY Short Idea

Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
1Hour Trend: Bearish

Trade scenario 1: Price action continues with this current bearish push. Ideally we want to see a pullback to form structure at our 38.2% fib level first but we could see price action fall straight to our support at 91.500 without a pullback.

Trade scenario 2: For us to consider a significant bullish trend on DXY we need to see a higher low form above our 4hour level at 92.500.
More