Forex

Dollar Index (ICE) may rise 1900 - 4100 pips

2024-08-16

Pivot

102.8500

Our preference

Long positions above 102.8500 with targets at 103.2300 & 103.4500 in extension.

Alternative scenario

Below 102.8500 look for further downside with 102.6500 & 102.4800 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

103.6000

103.4500

103.2300

103.0400 Last

102.8500

102.6500

102.4800

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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