Trading Plan for US Dollar Index for June 28, 2018
June 28, 2018 1:22 pmVideo
Latest News
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
- Trading plan for GBP/USD on April 19. Simple tips for beginners April 19, 2024
- Trading plan for EUR/USD on April 19. Simple tips for beginners April 19, 2024
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
Technical outlook:
The US Dollar Index has rallied and tested recent highs at 95.53 today early session before reversing lower. The index is seen to be trading at 95.18 levels at present, and also should be looking to continue drifting lower from here. The Daily chart view presented here suggests that a meaningful top might have already been in place and if that is the case then we are going to witness a major selloff in the form of retracement soon. On the other hand, a sustained push above 95.53 levels would delay the correction further. The high probability remains for a corrective drop from here, also the candlestick pattern for today is looking like an ideal shooting star which is mostly followed by a bearish reversal. The wave counts also suggest that wave (4) might have completed or it is wanting to take a complex form and print lower as shown above.
Trading plan:
Aggressive traders would like to remain short, stop above 95.70, target 92.50 at least.
Fundamental outlook:
Watch out for USD/GDP figure out at 08:30 AM today.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: