US Dollar Index print yet another low towards 92.48 today before reversing higher. The index is trading at 92.56 for now and might have completed 5 waves lower from 103.00 mark. The entire structure might still be a part of an expanded flat corrective drop 3-3-5, which completed its last wave sub-dividing into 5 waves. If the above is correct, US Dollar Index might be soon preparing for a turn higher towards 98.00 at least. Please note 98.00 is the previous Wave 4 termination of one lesser degree.
Remain long, stop @ 92.10, target is open
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain long, stop @ 92.10, target is open
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.