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[#USDX]
Although there is an appearance of a Bullish Divergence on the RSI(14) with the price movement of #USDX, the strong Death Cross formation between EMA(50) and EMA(200) indicates that sellers are still dominant.
Key Levels
1. Resistance. 2 : 99.49
2. Resistance. 1 : 99.16
3. Pivot : 98.98
4. Support. 1 : 98.65
5. Support. 2 : 98.47
Tactical Scenario:
Pressure Zone: If the price breaks down and closes below 98.65, it may continue its decline toward 98.47.
Momentum Extension Bias: If 98.47 is broken, #USDX will attempt to test the level at 98.14.
Invalidation Level / Bias Revision:
The downside bias is restrained if #USDX strengthens and closes above 99.49.
Technical Summary:
EMA(50) : 99.01
EMA(200): 99.31
RSI(14) : 46.59 + Bullish Divergent
Economic News Release Agenda:
Tonight, the following economic data will be released from the United States:
US - Challenger Job Cuts y/y - 19:30 WIB
US - Unemployment Claims - 20:30 WIB
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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