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[#USDX]
With both EMAs condition forming a Golden Cross and the RSI indicator positioned in the Extreme-Bullish area, along with the appearance of a Hidden Bullish Divergence, today #USDX has the potential to strengthen.
Key Levels
1. Resistance. 2 : 100.67
2. Resistance. 1 : 100.39
3. Pivot : 99.92
4. Support. 1 : 99.64
5. Support. 2 : 99.17
Tactical Scenario:
Positive Reaction Zone: If the price of #USDX breaks out and closes above 100.39, there is potential to move toward 100.67.
Momentum Extension Bias: If 100.67 is successfully broken and closes above it, the level 101.14 may be tested.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of #USDX declines and breaks down below 99.17.
Technical Summary:
EMA(50) : 99.87
EMA(200): 99.59
RSI(14) : 72.21 + Hidden Bullish Divergent
Economic News Release Agenda:
Tonight from the United States session, several important economic data will be releases, such as:
US - Average Hourly Earnings m/m - 20:30 WIB
US - Non-Farm Employment Change - 20:30 WIB
US - Unemployment Rate - 20:30 WIB
US - Philly Fed Manufacturing Index - 20:30 WIB
US - Unemployment Claims - Tentative
US - Existing Home Sales - 22:00 WIB
US - CB Leading Index m/m - Tentative
US - Natural Gas Storage - 22:30 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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