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Technical Analysis Of The Dollar Index | InvestmentBell

विश्लेषणविदेशी मुद्राTechnical analysis of the dollar index

Technical analysis of the dollar index

द्वारा Sabah-Khalaf92

मई 22, 2023

499

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

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.