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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.