USDX Analysis, June 04, 2025
USDX on M15 time frame From the candlestick pattern that appears, we see several important indications. First, after a fairly sharp decline, a reversal formation was formed with a long bullish candle, indicating the strength of buyers who began to enter the market. Next, there was a series of bullish and bearish candles that formed swing highs and swing lows consistently upwards.
If the price pulls back to the green area (support), then forms a confirmatory price action such as a bullish engulfing, pin bar, or doji followed by a bullish candle, then this is a strong buy signal. SL is placed at a price of 98.96 and take profit is placed at a price of 99.33