DXY reversed off its resistance at 97.76 where it could potentially drop further to 97.27.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY is approaching its resistance at 97.76 where it is could reverse down to its support at 97.27.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
We like to start with a review of the dollar at the beginning of the week to get a direction regarding the major currencies.
So we have here almost the same model as last week, again after meeting with the moving average 200 dollar line coming back up.
The dollar is still stuck between the support line 95.4 and the resistance line at 97.4, and if going into detail...
DXY expected to rise up to 1st resistance at 97.04 where it could potentially react off and drop down to 1st support at 96.58.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY bounced off its support at 97.08 where it could potentially rise further to 97.32.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY reversed off its resistance at 97.43 where it could potentially drop further to 97.16.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY expected to rise up to 1st resistance at 97.17 where it could potentially react off and drop down to 1st support at 96.73.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY reversed off its resistance at 96.86 where it could potentially drop further to 96.40.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Watch Price and Candle for Strong SELL
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Please note the graph above:
The dollar returned to the range between support for 95.4 and resistance at 97.4.
In a normal situation, the recommendation is buying close to the support line and selling close to the resistance line, but not on this case as you can see that every time the dollar touched the 200 moving average line (yellow line) is back to rise and it...
DXY expected to rise up to 1st resistance at 97.17 where it could potentially react off and drop down to 1st support at 96.86.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY bounced off its support at 96.92 where it could potentially rise further to 97.17.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
