empty
 
 

2017.03.2007:56:00UTC+00Fxwirepro:u.s Dollar Index Forms Bullish Cypher Pattern, Good to Buy on Dips

  • Pattern Formed – Bullish Cypher pattern
     
  • Potential Reversal Zone (PRZ)- 99.23.
     
  • DXY has recovered sharply after declining till 100.02 at the time of writing . The index is currently trading around 100.34.
     
  • On the higher side, near term resistance is around 100.47 (100- day EMA) and any break above will take the index till 100.95 (100- day MA)/101.40 (61.8% retracement of  102.26 and 100.02).
     
  • The near term major support is around 100 and any break below 100 will drag the index down till 99.25 .

    It is good to buy on dips around 100.10-15 with SL around 99.75 for the TP of 100.95/101.40

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback