Forex

Dollar Index (ICE) may rise 300 - 1800 pips

2024-07-29

Pivot

104.3000

Our preference

Long positions above 104.3000 with targets at 104.5500 & 104.7000 in extension.

Alternative scenario

Below 104.3000 look for further downside with 104.1500 & 104.0500 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

104.8000

104.7000

104.5500

104.5200 Last

104.3000

104.1500

104.0500

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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