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DXY (USD Index) Daily Analysis October 4th, 2020

TVC:DXY   U.S. Dollar Index


DXY Neutral Idea

Daily Trend: Bearish
4Hour Trend: Bullish

Trade scenario 1: Price action continues with the 4hour bullish trend and pushes higher toward the daily break of structure around 96.25. Look for lower timeframe confirmations at the current levels to spot early bullishness.

Trade scenario 2: We see price action fall back below the recent 4hour break of structure. Look for lower highs below 93.50 to confirm a daily bearish continuation.

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