DXY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: The usd has definitely been heading lower and has not shown signs of slowing down yet.
For now we’re looking for the trend to continue bearish and push lower into our monthly support around 91.500.
Trade scenario 2: For us to consider dxy bullish we would need a reversal at the current level around 92.000 with strong bullish setups. We can look to target toward 92.800 area if this happens.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: The usd has definitely been heading lower and has not shown signs of slowing down yet.
For now we’re looking for the trend to continue bearish and push lower into our monthly support around 91.500.
Trade scenario 2: For us to consider dxy bullish we would need a reversal at the current level around 92.000 with strong bullish setups. We can look to target toward 92.800 area if this happens.
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