DXY (USD Index) 4hour Analysis September 26th, 2021
DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Still looking bullish here on DXY, it’s very likely we’ll see price action push into our 93.800 resistance level.
Keep in mind price action could test support at 93.000 again before continuing higher.
Trade scenario 2: For us to consider DXY bearish we first need to see a 4hour transition back to a bearish trend. This would be confirmed if we saw price action break 93.000 with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Still looking bullish here on DXY, it’s very likely we’ll see price action push into our 93.800 resistance level.
Keep in mind price action could test support at 93.000 again before continuing higher.
Trade scenario 2: For us to consider DXY bearish we first need to see a 4hour transition back to a bearish trend. This would be confirmed if we saw price action break 93.000 with a lower high below.