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Usdxlong

USDX is reacting off resistance, further potential drop! USDX is reacting off our first resistance at 89.65 (horizontal swing high resistance, 23.6% Fibonacci retracement, bearish channel resistance) and a strong reaction might occur below this level, pushing price down to our major support at 88.99 (horizontal swing low support). A breakout of our intermediate support at 89.26 (horizontal swing low support, 78.6% Fibonacci retracement) might provide the bearish acceleration to our major support level. Ichimoku cloud is showing signs of bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:DXYShort
by easyMarkets
USDX approaching support, potential bounce! Price is approaching our first support at 89.57 (horizontal overlap support, 61.8%, 76.4% Fibonacci retracement). A strong bounce might occur at this level, pushing price up to our major resistance at 90.32 (horizontal overlap resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension). A breakout of our intermediate resistance at 90.06 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) might provide the bullish acceleration to our major resistance level. Stochastic (89,5,3) is also approaching our major support and seeing a bullish divergence, a good precursor for a potential rise should it bounce off this level. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
TVC:DXYLong
by Tickmill
USDX testing support, potential bounce! USDX is testing our first support at 89.57 (horizontal overlap support, 61.8%, 76.4% Fibonacci retracement). A strong bounce might occur at this level, pushing price up to our major resistance at 90.32 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout of our intermediate resistance at 90.06 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) might provide the bullish acceleration to our major resistance level. Stochastic (55,5,3) is also seeing a bullish divergence and is approaching our major support, where we might see a corresponding rise in price should it bounce off this level. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
TVC:DXYLong
by easyMarkets
1
USDX testing support, potential rise! Price is testing our first support at 89.77 (Horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci retracement) and a strong bounce might occur at this level, pushing price up to our major resistance at 90.28 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support and we might see a corresponding rise in price should it bounce off this level. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
TVC:DXYLong
by Tickmill
USDX bounced off support, further potential rise! Price has bounced off first support at 89.77 (Horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci retracement) and might be pushed up to our major resistance at 90.28 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a further potential rise in price. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
TVC:DXYLong
by easyMarkets
USDX reached resistance target perfectly, potential for reversalUSDX reached our first resistance perfectly at 90.52 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, Elliot wave structure). A strong reaction might occur below this level, pushing price down to our major support at 89.96 (horizontal swing low support, 38.2% Fibonacci retracement) which coincides with our short term descending resistance-turned-support line. Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level might be a good precursor of a potential drop in price. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
TVC:DXYShort
by easyMarkets
1