empty
 
 
17.02.2021 01:08 PM
Trading plan for US Dollar Index for February 17, 2021

This image is no longer relevant

Technical outlook:

US Dollar index end of the day chart has been presented here which is seen to be bouncing from backside of the resistance turned support trend line just below 90.00 levels yesterday. If successful, the index can stage an impressive rally towards 94.50 at least if not any further. The index is seen to be trading around 90.79 levels at this point in writing and is expected to drop one last time through 89.80 levels before resuming higher again.

Immediate resistance is fixed at 91.60 zone, while support is seen to be around 89.20 levels respectively. The overall structure is still indicating that a counter trend drop is still unfolding since 91.60 levels. The US Dollar Index is expected to drop through fibonacci 0.618 mark close to 89.80 levels before finding support again.

On the flip side, if bulls are successful to push above 91.60 highs, it would confirm a bottom in place and that bulls are here to stay for long. Either way, US Dollar Index remains good to buy on dips, until prices stay above 89.20 levels going further.

Trading plan:

Remain long, add more @ 89.80, stop @ 89.20, target is open.

Good luck!

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $5000 más!
    ¡En Noviembre, sorteamos $5000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback