empty
 
 
02.06.2020 06:17 AM
USD index to come under bearish pressure during riot across US on June 02, 2020.

This image is no longer relevant

After the death of George Floyd by the US Law Enforcement, the clashes are raging in major US cities. Mr. President Trump has to hide into the White House Bunker. This situation highlights the burning issue in the US history like the race scandal today. This condition will put the USD index under bearish pressure. From the technical view, we see that the CCI (30) is already moving away from three important levels of 100, 0, & -100 (a Bearish Momentum Sign). USD index has been already moving in the downward slope. Now the Pitchfork channel of the USD Index seems to be trying to reach the Middle line of the Pitchfork Channel. According to the 4-hour chart, the price will raid the nearest SELL Side liquidity Pool at 97.33 as long as the USD Index does not retrace upwards and closes above 98.50.

The overall bias of USD index is bearish.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In April we raffle $1000 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

Recommended Stories

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