DXY 4hour TF - June 17th, 2024
Monthly - Bullish
Weekly - Ranging
Daily - Bullish
4Hour - Bullish
Scenario 1: It is likely price action will continue higher but needs to find some footing above the 105.400 resistance zone. This would mean a bullish dollar for the week ahead.
Scenario 2: If price action fails to push above our 105.400 zone we could see a sharp bearish leg. Look for lower highs with strong bearish conviction below 105.400. This would mean a bearish dollar for the week ahead.
Weekly - Ranging
Daily - Bullish
4Hour - Bullish
Scenario 1: It is likely price action will continue higher but needs to find some footing above the 105.400 resistance zone. This would mean a bullish dollar for the week ahead.
Scenario 2: If price action fails to push above our 105.400 zone we could see a sharp bearish leg. Look for lower highs with strong bearish conviction below 105.400. This would mean a bearish dollar for the week ahead.
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.