DXY (USD Index) 4hour Analysis February 14th, 2022
DXY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are looking very bullish here on DXY but we can see that price action is right near resistance around 97.250.
The most likely scenario is that we’ll continue bullish and break resistance. Wait for a confirmed higher low above 97.250 before considering the next move higher.
Trade scenario 2: If we fail to break resistance near 97.250 it will be very likely that price action will continue within the range of 97.250 & 95.800.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are looking very bullish here on DXY but we can see that price action is right near resistance around 97.250.
The most likely scenario is that we’ll continue bullish and break resistance. Wait for a confirmed higher low above 97.250 before considering the next move higher.
Trade scenario 2: If we fail to break resistance near 97.250 it will be very likely that price action will continue within the range of 97.250 & 95.800.