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Aug 7, 2022 11:36 PM

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

U.S. Dollar Currency IndexTVC

Description

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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