empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

26.01.202112:27 Forex Analysis & Reviews: Trading plan for USDX for January 26, 2021

Exchange Rates 26.01.2021 analysis

Technical outlook:

The US Dollar Index end of the day chart is presented here, which indicates a meaningful bottom might be in place around 89.20 levels on January 06, 2021. The index is seen to be trading around 99.44 levels at this point in writing and is expected to drop until 89.50/80 in the next few trading sessions, before finding support.

Immediate support is strong around 89.20, while resistance is seen at 91.20 levels respectively. A break above 91.20 would confirm that a meaningful bottom is in place at 89.20 and that bulls are back in control. In the short term, the index is expected to drop through 89.50/80, which is fibonacci 0.618 retracement of recent rally between 89.20 and 90.95 levels respectively (it is not highlighted here). A bullish reaction remains high probability if prices manage to reach there.

The overall wave structure remains constructive for bulls and they might be preparing to push through 94.50/60 levels at least. Further, potential remains for a push towards 98.00 levels, which is fibonacci 0.618 retracement of the entire drop between 103.00 and 89.20 levels respectively.

Trading plan:

Remain long, stop @ 89.00, target is 94.60 at least.

Good luck!

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.