a bullish setup for the U.S. Dollar Index (DXY) on the 4H timeframe:
Support Zone: Price is currently sitting above a strong horizontal support zone and just above the ascending trendline, indicating buyer interest in this area.
Trendline: The upward trendline has been respected multiple times, adding to the bullish bias.
Price Action**: If DXY holds above the support zone (around 100.000–100.775), a bounce is expected.
Target: The projected move points toward the 103.050–103.060 resistance area.
A valid bounce from the trendline and support could trigger a bullish continuation toward the marked target. A break below the trendline would invalidate the setup.
Support Zone: Price is currently sitting above a strong horizontal support zone and just above the ascending trendline, indicating buyer interest in this area.
Trendline: The upward trendline has been respected multiple times, adding to the bullish bias.
Price Action**: If DXY holds above the support zone (around 100.000–100.775), a bounce is expected.
Target: The projected move points toward the 103.050–103.060 resistance area.
A valid bounce from the trendline and support could trigger a bullish continuation toward the marked target. A break below the trendline would invalidate the setup.
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
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Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.