USDOLLAR H1 | Bullish ContinuationThe price is falling towards our buy entry level at 12.58, which is a pullback support that lines up with the 38.2 Fibonacci retracement.
Our stop loss is set at 12.54, which is a pullback support that is slightly above the 61.8% Fibonacci retracement.
Our take profit is set at 12.67, which is a p
About Dollar Index Basket
The Dow Jones FXCM Dollar Index (short: DJ FXCM Index) is a currency index that tracks the strength of the US Dollar against a basket of the four most liquid currencies in the world. It is the product of collaboration between FXCM and S&P Dow Jones Indices. The index was designed to help traders assess whether the US Dollar is strengthening or weakening and is known for its transparency and simplicity. It reflects the change in value of the US Dollar measured against the basket of currencies: it rises when the US Dollar gains value relative to this basket and it falls when the opposite happens.
The basket contains the Euro, the British Pound, The Japanese Yen and the Australian Dollar in equal amounts, which are equally weighted. It is geographically balanced and accounts for 80% of worldwide Forex activity. The DJ FXCM Index was introduced on January 1, 2011, at a value of 10,000.00, is calculated every 15 seconds and updated Monday to Friday. It should not be mistaken for the much older and more complex US Dollar Index (DXY), which represents the weighted geometric mean of the US Dollar's value compared to six specific currencies. The weights were set according to trade weights and the Euro has the dominant weight in the DXY.
The basket contains the Euro, the British Pound, The Japanese Yen and the Australian Dollar in equal amounts, which are equally weighted. It is geographically balanced and accounts for 80% of worldwide Forex activity. The DJ FXCM Index was introduced on January 1, 2011, at a value of 10,000.00, is calculated every 15 seconds and updated Monday to Friday. It should not be mistaken for the much older and more complex US Dollar Index (DXY), which represents the weighted geometric mean of the US Dollar's value compared to six specific currencies. The weights were set according to trade weights and the Euro has the dominant weight in the DXY.
USDOLLAR H1 | Potential Bullish ReversalThe price is falling towards our buy entry level at 12.51, which is a pullback support.
Our stop loss is set at 12.46, which is a swing low support.
Our take profit is set at 12.59, which is a pullback resistance that is slightly below the 50% Fibonacci retracement.
High Risk Investment Warning
USDOLLAR H4 | Bullish ReversalThe price is reacting off the pivot and could bounce off our buy entry level at 12.67, which is a swing low support.
Our stop loss is set at 12.64, there is a support level at 127.2% Fibonacci extension.
Our take profit is set at 12.71. a pullback resistance that aligns with the 38.2% Fibonacci re
USDOLLAR H4 | Bullish Bounce OffThe price has bounced off our buy entry level at 12.707, which is an overlap support that is slightly above the 78.6% Fibonacci retracement.
Our stop loss is set at 12.686, which is a pullback support.
Our take profit is set at 12.73, whichis a pullback resistance that aligns with the 50% Fibonacc
USDOLLAR H4 | Bullish Bounce?The price is falling towards our buy entry whcih is a pullback support that aligns with the 38.2% Fibonacci retracement.
Our stop loss is set at 12.71, which is a pullback support that aligns with the 38.2% Fibonacci retracement.
Our take profit is set at 12.77, which is an overlap resistance.
Hi
USDOLLAR H4 | Bearish Reversal Off Key LevelThe price has rejected off our sell entry level at 12.77, which is an overlap resistance.
Our stop loss is set at 12.80, which is an overlap resistance that is slightly below the 61.8% Fibonacci retracement.
Our take profit is set at 12.73, which is an overlap support that is slightly below the 38
USDOLLAR H4 | Bullish Bounce Off?The price is falling towards our buy entry level at 12.72, which is a pullback support that aligns with the 50% Fibonacci retracement.
Our stop loss is set at 12.70, which is a pullback support that is slightly above the 78.6% Fibonacci retracement.
Our take profit is set at 12.76, which is a mult
USDOLLAR H1 | Bullish Bounce Off Overlap SupportThe price is falling towards our buy entry, which is an overlap support that aligns with he 50% Fibonacci retracement.
Our stop loss is set at 12.72, which is an overlap support that aligns with the 50% Fibonacci retracement.
Our take profit is set at 12.70, which is an overlap support.
High Risk
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Displays a symbol's value movements over previous years to identify recurring trends.









