DXY (USD Index) 4hour Analysis September 5th, 2022
DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Every timeframe suggests more bullishness on DXY. Going into this week the most likely scenario is price action rallying higher.
As long as we’re above 108.600 price action will look more bullish overall than bearish. Look for higher lows above 108.600.
Trade scenario 2: For us to consider DXY bearish we would first need to see a bearish break of 108.600 with lower highs below.
This is the first step in transitioning to a bearish chart.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Every timeframe suggests more bullishness on DXY. Going into this week the most likely scenario is price action rallying higher.
As long as we’re above 108.600 price action will look more bullish overall than bearish. Look for higher lows above 108.600.
Trade scenario 2: For us to consider DXY bearish we would first need to see a bearish break of 108.600 with lower highs below.
This is the first step in transitioning to a bearish chart.