DXY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we know DXY has been very bullish but this past week we have seen a pullback to our 38.2% fib level around 112.000.
Going into this week we are looking for reactions around 112.000. The most likely scenario is a bounce form 112.000 and DXY heading higher again.
Trade scenario 2: If DXY is going to continue bearish we need to see a break below 112.000 with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Overall we know DXY has been very bullish but this past week we have seen a pullback to our 38.2% fib level around 112.000.
Going into this week we are looking for reactions around 112.000. The most likely scenario is a bounce form 112.000 and DXY heading higher again.
Trade scenario 2: If DXY is going to continue bearish we need to see a break below 112.000 with a lower high below.
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.
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.