empty
 
 
31.01.2023 03:50 PM
Bulls try to reverse trend in the Dollar index.

This image is no longer relevant

Red line- resistance

Black line- Bullish RSI divergence

Violet lines- Fibonacci retracement levels

The Dollar index is trading around 102.25 after making a low around 101.47 4 sessions ago. Price has stopped the decline at the 50% Fibonacci retracement level. In previous posts we noted that the Fibonacci support level combined with the bullish RSI divergence increases the chances of a reversal. Technically trend remains bearish as price has not started making higher highs and higher lows. Price remains below the key downward sloping resistance trend line. Resistance by the trend line is at 102.80. Bulls need to break above this level in order to hope for a bigger bounce. The RSI is turning upwards from oversold levels. There are increased chances that the Dollar index makes an important low around these levels.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam April kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget