AdimAdimForex

DXY - Dollar Index Analysis

INDEX:DXY   U.S. Dollar Index
Hi All,

There are several important news (US Presidential Election and FED Interest Rates Raise) are waiting by DXY             till and of 2016. Depends on the news, DXY             could set up new trends for both bullish and bearish side in the channel.

3 lines are important for support and resistance levels with FIBO. 95.25 is the main point. The Index is looking for upside for now. Next resistances will be 96.05 and 97.16 points depends on the pink and blue lines breakup. In case of downside movement, next supports will be 94.45 and 93.55 (FIBO 23.6%) points depends on the black and red lines breakup.

Hope you all have a profitable week!

Adim Adim Forex
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