Forex

Dollar Index (ICE) may rise 2200 - 3700 pips

2024-09-19

Pivot

100.7000

Our preference

Long positions above 100.7000 with targets at 101.1500 & 101.3000 in extension.

Alternative scenario

Below 100.7000 look for further downside with 100.5500 & 100.3500 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

101.5000

101.3000

101.1500

100.9300 Last

100.7000

100.5500

100.3500

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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