DXY Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’re looking fairly bullish on DXY and it looks to be forming a higher low at key support near 91.500. We still need to see some conviction in the form of strong bullish setups for us to enter on.
Look to target higher toward negative fib levels and key resistance levels.
Trade scenario 2: For us to consider DXY bearish we first need a break lower through support at 91.500 with a lower high below.
We will look to target lower toward major support levels.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’re looking fairly bullish on DXY and it looks to be forming a higher low at key support near 91.500. We still need to see some conviction in the form of strong bullish setups for us to enter on.
Look to target higher toward negative fib levels and key resistance levels.
Trade scenario 2: For us to consider DXY bearish we first need a break lower through support at 91.500 with a lower high below.
We will look to target lower toward major support levels.