DXY (USD Index) 4hour Analysis October 31st, 2021

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DXY Bullish Idea

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

Trade scenario 1: Back to bullish! DXY for the week ahead is looking very bullish as we saw huge volume step into the market on the 4hour timeframe.

Ideally we see price action form structure & a higher low above 93.800 with strong bullish setups.

Trade scenario 2: If we are to consider DXY bearish again we would need to see a break back below 93.800 with lower highs below.

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