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DXY (USD Index) Daily Analysis August 7th, 2022

Long
U.S. Dollar Index (TVC:DXY)  
ForexLeague  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Technical Indicators Forex forexleague forexsignals priceaction DXY USD
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trendanalysis chartpattern indicator forex forexleague forexsignals priceaction dxy usd
DXY Bullish Idea

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

Trade scenario 1: We’re looking overall bullish on DXY again and we are looking for new structure to confirm this.

Ideally, price action forms a higher low near 106.400 support before continuing higher.

Trade scenario 2: For us to see DXY as more bearish we need to see a break back below 106.400 with a confirmed lower high below.
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