Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: US Dollar index breaks above 50- day MA, slight jump till 94.20 likely

  • Major resistance – 93.75 (50- day MA).
     
  • DXY has formed a bottom at 92.50 and showing a major recovery from that level. The index jumped till 93.77 from the intraday low of 93.51. It is currently trading around 93.78.
     
  • The index breaks major resistance 93.75 and shown a minor jump. U.S dollar index should close above 50- day MA in the daily chart. Any close above will take the index further upside till 94.20 (61.8% retracement of 95.15 and 92.50)/95/95.25 (200- day EMA). Short term bearish invalidation only above 95.25.
     
  • On the lower side, any break below 93 confirms minor weakness. The index should close below 92.59 (61.8% fibo) for further decline till 91.62/91 likely. The minor support is around 93.40.

It is good to buy on dips around 93.40-50 with SL around 93 for the TP of 94.20/95.

 

  • ET PRO
  • Market Data

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

2018-10-18 15:31:10
0m
2018-10-18 15:31:02
0m
2018-10-18 15:30:50
0m
2018-10-18 15:30:36
0m

October 18 14:30 UTC Released

USNat Gas-EIA Implied Flow

Actual

81 bcf

Forecast

Previous

90 bcf

October 18 14:30 UTC Released

USNat Gas, Change Bcf

Actual

81 Cubic feet

Forecast

82 Cubic feet

Previous

90 Cubic feet

January 31 00:00 UTC 375377375377m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 375377375377m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 387197387197m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 375377375377m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 387197387197m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 375377375377m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 375377375377m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 375377375377m

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.