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BSO @ 100.25
SLO @ 100.00
SSO @ 99.83
TP @ 96.00
TECHNICAL ANALYSIS
According to my analysis of the 15-minute time frame for the US Dollar Index Futures from ICEUS, Price Action has been bullish. The price has been trading between the 99.22 and 100.25 levels since yesterday's USD News.
The moving averages are all sloping downward, which suggests that the overall trend is bearish. However, the stochastic oscillator is starting to turn up, which could signal a potential reversal.
The next key level to watch is the 99.42 level. If the price breaks below this level, it could open the door for a further decline towards the next Major Support Level @ 96.000. However, if the price is able to hold @ 100.00, it could signal a the continuation of a DT.
Overall, the market is currently in a state of flux. The overall trend is bearish, but there are some signs that a return to the DT could be in the works.
SLO @ 100.00
SSO @ 99.83
TP @ 96.00
TECHNICAL ANALYSIS
According to my analysis of the 15-minute time frame for the US Dollar Index Futures from ICEUS, Price Action has been bullish. The price has been trading between the 99.22 and 100.25 levels since yesterday's USD News.
The moving averages are all sloping downward, which suggests that the overall trend is bearish. However, the stochastic oscillator is starting to turn up, which could signal a potential reversal.
The next key level to watch is the 99.42 level. If the price breaks below this level, it could open the door for a further decline towards the next Major Support Level @ 96.000. However, if the price is able to hold @ 100.00, it could signal a the continuation of a DT.
Overall, the market is currently in a state of flux. The overall trend is bearish, but there are some signs that a return to the DT could be in the works.
Professor C. E. Ward
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