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DXY (USD Index) Daily Analysis June 12th, 2022

Long
TVC:DXY   U.S. Dollar Index
DXY Bullish Idea

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

Trade scenario 1: We are back to bullish on DXY as we saw the 4hour break back above 103.000.

From here we’re looking for a higher low above 103.000 with conviction to continue bullish.

Trade scenario 2: For us to consider DXY bearish we need to see structure below 103.000. If this happen we can identify the 4hour timeframe as bearish.

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