empty
 
 
09.06.2022 01:29 PM
Trading plan for US dollar index for June 09, 2022

This image is no longer relevant

Technical outlook:

The US dollar index dropped through 102.30 after hitting the high of 102.50 on Thursday. The indice has been drifting in the range between 102.00 and 102.50 for last few trading sessions. Near-term potential remains for a push through 103.40-50 as bulls are poised to hold prices above 101.00.

The US dollar index produced a lower degree downswing between 104.88 and 101.08 in the past few trading sessions. Bulls have been unfolding a corrective wave since then, which tested the Fibonacci 0.382 retracement located at 102.50-60. Potential remains for a push through 103.50, which is the Fibonacci 0.618 retracement level.

The US dollar index's overall structure remains bearis over the medium term against 104.88. The entire rally between 89.50 and 104.88 is being worked upon and should be retraced up to the 99.00 mark at least. Also note that 99.00 is close to the Fibonacci 0.382 retracement of the above rally. Hence, high probability remains for a bullish reversal from there.

Trading plan:

Potential drop through 99.00 against 104.88.

Good luck!

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback