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Us Dollar Index Technical Analysis

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trytrader33

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:o:o:o
Dollar Index
after a stellar steep up rally, the index has met his resistance at 96.68.

Along bearis engulfing candel has formed in the 4H charts signifying entry of bears.

Hance we expect the index to retract to the support level at 95.91.

thanks

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#1 - February 10, 2019, 04:10:30 PM
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Anta

Usd Index Analysis The USD Index price has reached the highest price at 98.01 and the current price is 97.99 and the price is trying to breakout ema 200 and is trying to make a new high and if it is able to breakout the USD index will increase and if it is able to breakout it will be corrected continuously continuously Continues above BB then it's still strong to buy. If the price closes above ema200 then the trend will become strong bullish. Macd ao began to indicate a decline and correction thus at rsi 13 proves overbought. 
Resistance 3: 98.01 
Resistance 2: 97.90 
Resistance 1: 97.78 
Pivot: 97,56 
Support 1: 97.33 
Support 2: 97.21 
Support 3: 97.10 
Current price: 97.99 Daily Range: 98.01-97.90 Yesterday's Highest Price: 97.99 Yesterday's Open price: 97.95 Yesterday's lowest price: 97.78 Conclusion: Overbought Bullish. Scenario 1: Price breaks out Resistance 3 and creates a new Resistance then goes up Scenario 2: Price drops resistance 1, there will be a trend and the price will occur pivot and if the breakout then the trend will exchange to be bearish
#2 - November 07, 2019, 04:45:16 AM
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Lolek555

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DX - dollar index



major breakout of 95.85 accelerated the selloff then 94.61 also broken. now the dollar index could reach 93.45 or even lower. The second scenario would be that the price will come back above 94.70  then 96 as target could be possible
#3 - July 25, 2020, 10:14:13 PM
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