DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We’re still very bullish on the USD overall and it looks like it will continue.
Currently we can see price action will most likely continue into resistance around 93.800 where we will have to re-analyze. If we see a higher low above 93.000 that will be acceptable for a continuation of trend as well.
Trade scenario 2: For us to consider the dollar bearish we would need to break back below 93.000 first. If this happens it is likely price action will fall to 92.500 support.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We’re still very bullish on the USD overall and it looks like it will continue.
Currently we can see price action will most likely continue into resistance around 93.800 where we will have to re-analyze. If we see a higher low above 93.000 that will be acceptable for a continuation of trend as well.
Trade scenario 2: For us to consider the dollar bearish we would need to break back below 93.000 first. If this happens it is likely price action will fall to 92.500 support.