DXY (USD Index) 4hour Analysis February 20th, 2022
DXY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Technically we are still bullish here on DXY although we should note that we are between an existing range. Resistance at 96.350 & support at 95.800
The most likely scenario is that price action will reach 96.350 and reject from there, continuing the range.
Trade scenario 2: For us to consider DXY full bullish we ideally want to see a higher low above 96.350.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Technically we are still bullish here on DXY although we should note that we are between an existing range. Resistance at 96.350 & support at 95.800
The most likely scenario is that price action will reach 96.350 and reject from there, continuing the range.
Trade scenario 2: For us to consider DXY full bullish we ideally want to see a higher low above 96.350.