DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Last week we saw a 4hour change of trend. We confirmed a higher low just above 92.500 and we’re now looking bullish. Ideally, price action continues with this transition and pushes back toward resistance around 93.800
Trade scenario 2: For us to consider DXY bearish again we would need to see a massive reversal right now and a break below 92.500.
If this happens look for price action to fall toward the bottom of the range near 92.000
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Last week we saw a 4hour change of trend. We confirmed a higher low just above 92.500 and we’re now looking bullish. Ideally, price action continues with this transition and pushes back toward resistance around 93.800
Trade scenario 2: For us to consider DXY bearish again we would need to see a massive reversal right now and a break below 92.500.
If this happens look for price action to fall toward the bottom of the range near 92.000