Forex

Dollar Index (ICE) may fall to 100.2500 - 101.8250

2024-10-23

Pivot

106.0000

Our preference

Short positions below 106.0000 with targets at 101.8250 & 100.2500 in extension.

Alternative scenario

Above 106.0000 look for further upside with 106.5000 & 107.3000 as targets.

Comment

The upward potential is likely to be limited by the resistance at 106.0000.

Supports and resistances

107.3000 **

106.5000 **

106.0000 ***

104.2400 Last

101.8250 ***

100.2500 ***

99.6000 ***

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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