DXY (USD Index) 4hour Analysis January 30th, 2022
DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: The USD is looking extremely bullish and is currently resting at resistance near 97.250.
This is the zone where we will be looking for reactions (either a break or bounce). Ideally, we can see price action pullback to test new support and form structure as this recent rally is a bit overextended.
Trade scenario 2: If we see price action push through resistance near 97.250, look for a well established higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: The USD is looking extremely bullish and is currently resting at resistance near 97.250.
This is the zone where we will be looking for reactions (either a break or bounce). Ideally, we can see price action pullback to test new support and form structure as this recent rally is a bit overextended.
Trade scenario 2: If we see price action push through resistance near 97.250, look for a well established higher low above.