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FxWirePro:U.S Dollar index forms Bullish Cypher pattern, good to buy on dips

  • Pattern Formed – Bullish Cypher pattern
     
  • Potential Reversal Zone (PRZ)- 99.23.
     
  • DXY has recovered sharply after declining till 100.02 at the time of writing . The index is currently trading around 100.34.
     
  • On the higher side, near term resistance is around 100.47 (100- day EMA) and any break above will take the index till 100.95 (100- day MA)/101.40 (61.8% retracement of  102.26 and 100.02).
     
  • The near term major support is around 100 and any break below 100 will drag the index down till 99.25 .

    It is good to buy on dips around 100.10-15 with SL around 99.75 for the TP of 100.95/101.40
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2017-09-22 15:30:57
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2017-09-22 15:30:36
0m

September 22 14:30 UTC Released

USECRI Weekly Annualized*

Actual

0.0 %

Forecast

Previous

0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

Actual

143.4 %

Forecast

Previous

143.3 %

September 25 00:30 UTC 33193319m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.2 bln $

September 25 08:00 UTC 37693769m

DEIfo Business Climate*

Actual

Forecast

116.0 %

Previous

115.9 %

September 25 08:00 UTC 37693769m

DEIfo Current Conditions*

Actual

Forecast

124.8 %

Previous

124.6 %

September 25 08:00 UTC 37693769m

DEIfo Expectations*

Actual

Forecast

107.9 %

Previous

107.9 %

September 25 11:30 UTC 39793979m

TRCapacity Utilisation*

Actual

Forecast

Previous

78.8 %

September 25 11:30 UTC 39793979m

TRManufacturing Confidence*

Actual

Forecast

Previous

110.7 %

September 25 12:30 UTC 40394039m

USNational Activity Index*

Actual

Forecast

Previous

-0.01 %

September 25 13:00 UTC 40694069m

MXIGAE Econ Activity YY

Actual

Forecast

Previous

2.4 %

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