DXY Price analysis 4th May 2024

Monthly: The price has already created the MSS(M) in monthly, & there is Monthly BSL situated in 107.354. So I'm Bullish In monthly.
If we have any bulish PDA in Daily our M-Bullish bias will be confirmed.

Monthly Bias: Bullish

Daily: In daily chart the price has been create the Daily MSS after taking W-FVG+ & the price has been tested the D-FVG+, so in the up coming week we are going towards 107.354.
So if we have any H1- Bulish PDA formed then our Bullish Bias will be confirmed.

Daily Bias: Bullish

H1: Price has been closed above the D-FVG+, there could be 2 scenarios in H1.

1. The price will be taking the resent low, 104.598, gives a closer above 105.159 with a decisive upside move.

2. From this point the price will go upside with decisive move & closed above 105.228. Then the bullish Bias will be confirmed.

Kommentera:

As the previous week the price has not been reached to the W-SSL, & moving the towards the D-FVG. so in the upcoming week the price might go for the lower Quadrant of the Daily FVG then move towards to target.

Monthly & Daily Bias: Bullish.

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