DXY (USD Index) 4hour Analysis April 24th, 2022

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DXY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: Looking bullish on DXY around this 100.00 level we have marked.

Ideally, we continue bullish and see clean structure above 100.00. Look for higher lows and strong bullish setups to confirm dxy bullish on the 4hour.

Trade scenario 2: For us to consider DXY more bearish we would first need to see a break of minor support with lower highs and bearish 4hour structure.

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