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Sep 18, 2022 10:51 PM

DXY (USD Index) 4hour Analysis September 18th, 2022  Long

U.S. Dollar Currency IndexTVC

Description

DXY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: We are looking bullish on DXY 4hour but we are consolidating just above our 109.500 zone.

For us to continue bullish we need to see a strong bounce off 109.500 with convincing bullish setups.

Trade scenario 2: For us to see DXY as more bearish we need price action to fall back below 109.500 with strong characteristics of a bearish trend, lower highs and lower lows.
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