DXY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking newly bearish on the 4hour timeframe while we have been mainly bullish on the higher timeframes.
The most likely scenario based on recent price action is that DXY will continue to fall. Look for structure below 108.600 to confirm.
Trade scenario 2: For us to consider DXY bullish again we would need to see a reversal at 108.600 first, followed by a break of 109.500
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking newly bearish on the 4hour timeframe while we have been mainly bullish on the higher timeframes.
The most likely scenario based on recent price action is that DXY will continue to fall. Look for structure below 108.600 to confirm.
Trade scenario 2: For us to consider DXY bullish again we would need to see a reversal at 108.600 first, followed by a break of 109.500