06.06.202307:17 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of United States Dollar Index, Tuesday June 06, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

With the appearance of the Bearish 123 pattern followed by the appearance of deviations between the #USDX price movement and the osMA indicator on the daily chart, then the probability of the USD Index in the next few days to fall down is quite large where the 103.35 level will be the main target to aim for and if this level is successfully broken downward then #USDX has the potential to fall down to test the 102.53-102.03 area as long as there is no upward movement that exceeds the 104.67 level because if this level is broken then all the downward scenarios that have been described will become invalid and cancel automatically.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.