empty
13.09.2023 08:19 AM
Trading plan for US dollar index on September 13, 2023

This image is no longer relevant

Technical outlook:

The US dollar index rallied through the 104.80 highs last week before pulling back. The index seems to have found interim support close to 104.00 and is looking ready to turn higher again. Potential near-term targets are projected towards the 105.00-50 area before the rally from 99.14 could terminate and complete.

The US dollar index is producing a larger-degree corrective wave (rally) after printing lows around the 99.00-10 zone earlier. The initial wave is expected to terminate close to the 105.00-50 range before a correction begins to unfold. If prices break below the support trend line and subsequently below 102.50, it would confirm that a top is in place.

Alternatively, if the rally continues to push beyond the 105.00-50 zone, the instrument could push further towards the 109.00 highs before turning lower again. Either way, the US dollar index is looking poised for a rally towards 109.00 from current levels or after dropping through 102.00 going forward. Immediate resistance is seen around 105.00.

Trading idea:

A potential rally towards 105.00-50 to resume soon

Good luck!

Oscar Ton,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.