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.
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