Voir aussi
23.10.2020 07:47 AM
Technical outlook:
The US dollar Index might have carved a low around 92.48 level yesterday. The index had dropped through Fibonacci 0.618 retracement of the earlier rally between 91.75 and 94.75 levels respectively before reversing higher again. The end of the day chart has been presented here while spot is seen to be trading around 92.92 level at this point in writing. Immediate support is seen through 91.75 level, while resistance is intact around 94.75 respectively. A push through 94.75 would confirm that a meaningful bottom is in place around 92.47 and that bulls are back in control. They are poised to push through 96.00 and 98.00 levels over the next several weeks. Also note that 98.00 is close to the Fibonacci 0.618 retracement of the earlier drop between 103.00 and 91.75. Bulls are in control until 91.75 lows remain intact.
Trading plan:
Remain long, stop @ 91.75, target @ 96.00 and 98.00.
Good luck!
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
