DXY (USD Index) 4hour Analysis January 9th, 2022

215
DXY Neutral Idea

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

Trade scenario 1: We are still holding within this range on the 4hour timeframe. Overall we are bullish but until we can see a break of the range we really have no clear direction.

Look for a higher low above 96.300 to confirm DXY bullish again.

Trade scenario 2: If we are to consider DXY bearish again we would need to see a lower high below 95.800 support.

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