Forex

Dollar Index (ICE) may fall to 95.0000 - 99.6000

2024-08-28

Pivot

106.0000

Our preference

Short positions below 106.0000 with targets at 99.6000 & 95.0000 in extension.

Alternative scenario

Above 106.0000 look for further upside with 110.0000 & 114.0000 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

114.0000 **

110.0000 **

106.0000 **

100.8000 Last

99.6000 ***

95.0000 ***

93.5000 **

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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