Forex

Dollar Index (ICE) may rise to 104.8000 - 106.0000

2024-10-16

Pivot

100.0000

Our preference

Long positions above 100.0000 with targets at 104.8000 & 106.0000 in extension.

Alternative scenario

Below 100.0000 look for further downside with 99.6000 & 99.3000 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

106.5000 **

106.0000 **

104.8000 ***

103.3860 Last

100.0000 ***

99.6000 ***

99.3000 ***

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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