USDX Weekly Technical Analysis - Saturday, December 2

US index is dropping down in value and the price dropped below 102.85 which is very important level.

The price reversed above and stopped at 103.13 on Friday.

Monthly and weekly time frame shows we could see price heading even more down where final target is 101.37.

Before that happens a retrace up to 104.00 is likely and if the bulls do not push the price above 104.00 it will be a start of the next leg towards 101.37.

The first support that price needs to break on the weekly time frame is 102.85 which has held price this week from falling down.

If the price closes below 102.00 is the next target.

Video Length: 00:06:47

 


More By This Author:

US30 Analysis & US30 Week Ahead Forecast - Saturday, November 25
USDX Weekly Technical Analysis - Saturday, November 25
NAS100 Forex Weekly Technical Analysis Today 25.11.2023 #nas100

Disclaimer:  Any Advice or information is General Advice Only – It does not take into account your personal circumstances, please do not trade or invest based solely on this information. ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with