Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: DXY trade idea

DXY recovered more than 50 pips from the low of 95.49. USD prices has been support due to hawkish Fed rates and trade war tensions. The index hits high of 96.09 and shown a minor decline till 95.95. it is currently trading around 95.97.

 

The index is trading slightly above trend line resistance at 95.95 (trend line joining 96.698 and 96.12) and any convincing daily close above confirms further bullishness. Any break above targets 97.

 

On the lower side, near term support is around 95.40 and any violation below targets 95/94.67 (89- day EMA).

 

It is good to buy on dips around 95.70-75 with SL around 95.35 for the TP of 97.

 

Resistance

 

R1- 96.15
 

R2 - 96.35

R3- 97


Support               

 

S1- 95.40


S2- 95

 

S3- 94.67

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

November 14 11:00 UTC Released

ZARetail Sales YY

Actual

0.7 %

Forecast

2.2 %

Previous

2.5 %

November 14 11:00 UTC Released

BRService Sector Growth MM

Actual

-0.3 %

Forecast

0.3 %

Previous

1.2 %

January 31 00:00 UTC 413946413946m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 413946413946m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 425766425766m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 413946413946m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 425766425766m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 413946413946m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 413946413946m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 413946413946m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.