AnalyseForexTechnical analysis of the dollar index

Technical analysis of the dollar index

 بسم الله الرحمن الرحيم 

  • The dollar made a positive weekly closing, reaching 103.60 levels
  • The dollar is trading below the area of 103.762 – 103.432, we are waiting for a descent to the area of 102.81 – 102.59, and we buy the condition for the occurrence of a price action that supports the rise, and we do not forget to manage risks because the general economic situation, especially the beginning of next week, has a kind of danger, even if it is not based above the area of 102.81 –
    مناطق اندكس الدولار
    مناطق اندكس الدولار

    102.59 we are waiting for a drop to the area of 101.48 – 101.22, from which direct buying takes place.

  • Also, the dollar’s penetration of the area and the success of stability in it supports its arrival to the weekly supply area located between the levels of 105.322 – 107.934. Selling is taking place from this area, with Price Action supporting the descent.
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