a bullish setup for the U.S. Dollar Index (DXY) on the 4H timeframe:
Support Zone: Price is currently sitting above a strong horizontal support zone and just above the ascending trendline, indicating buyer interest in this area.
Trendline: The upward trendline has been respected multiple times, adding to the bullish bias.
Price Action**: If DXY holds above the support zone (around 100.000–100.775), a bounce is expected.
Target: The projected move points toward the 103.050–103.060 resistance area.
A valid bounce from the trendline and support could trigger a bullish continuation toward the marked target. A break below the trendline would invalidate the setup.
Support Zone: Price is currently sitting above a strong horizontal support zone and just above the ascending trendline, indicating buyer interest in this area.
Trendline: The upward trendline has been respected multiple times, adding to the bullish bias.
Price Action**: If DXY holds above the support zone (around 100.000–100.775), a bounce is expected.
Target: The projected move points toward the 103.050–103.060 resistance area.
A valid bounce from the trendline and support could trigger a bullish continuation toward the marked target. A break below the trendline would invalidate the setup.
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.