DXY (USD Index) 4hour Analysis November 28th, 2021
DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish still on DXY but we’re overextended. Ideally, we see price action form more definite structure before continuing with the bullish trend.
Trade scenario 2: If price action keeps falling, realize we could see support near 94.500 met. Look for 4hour lower highs.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish still on DXY but we’re overextended. Ideally, we see price action form more definite structure before continuing with the bullish trend.
Trade scenario 2: If price action keeps falling, realize we could see support near 94.500 met. Look for 4hour lower highs.