DXY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish on the USD as we enter the new year. We ended the year with some consolidation near our 103.800 zone followed by a recent break of 103.800.
Looking into this week it’s likely we will see the USD continue bearish. Look for lower highs to confirm further downside movement.
Trade scenario 2: For us to see the USD as bullish again on this 4hour timeframe we need to see higher lows above 103.800 with convincing price action.
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish on the USD as we enter the new year. We ended the year with some consolidation near our 103.800 zone followed by a recent break of 103.800.
Looking into this week it’s likely we will see the USD continue bearish. Look for lower highs to confirm further downside movement.
Trade scenario 2: For us to see the USD as bullish again on this 4hour timeframe we need to see higher lows above 103.800 with convincing price action.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.