Forex

Dollar Index (ICE) may fall 2000 - 4500 pips

2024-08-26

Pivot

101.0000

Our preference

Short positions below 101.0000 with targets at 100.4500 & 100.2000 in extension.

Alternative scenario

Above 101.0000 look for further upside with 101.2000 & 101.3500 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

101.3500

101.2000

101.0000

100.6500 Last

100.4500

100.2000

100.0000

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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