empty
 
 
24.11.2021 04:03 PM
The Dollar index is approaching our next target.

The Dollar index continues making higher highs and higher lows. Price has broken above the 50% Fibonacci retracement. Price is now moving closer to our next and major target at the 61.8% Fibonacci retracement at 97.50-98 area.

This image is no longer relevant

Green lines - Fibonacci retracement

Blue line - support trend line

The Dollar index has broken the 50% Fibonacci retracement. As we mentioned before, there is no sign of a reversal and price should reach our next target at the 61.8% retracement. The RSI has just reached overbought levels. Bulls remain in full control of the trend and as long as price is above the blue line, bulls remain safe.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback