हम केवल एक ब्रोकर नहीं हैं। हम एक ऑल-इन-वन ट्रेडिंग इकोसिस्टम हैं—आपको विश्लेषण करने, ट्रेड करने और बढ़ने के लिए जो कुछ भी चाहिए, वह एक ही स्थान पर है। क्या आप अपने ट्रेडिंग को ऊँचा उठाने के लिए तैयार हैं?
USD Index recovery towards 100/100.40 on the cards – SG
FXStreet (Barcelona) - Technical Analysts at Societe Generale, see limited downside for USD Index, and further add that the index might see a recovery towards 100/100.4 levels.
Key Quotes
“The steady uptrend in the Dollar Index found resistance near 100/100.40 last month. Since then, it has been consolidating within a pattern similar to a triangle. Notably, a similar formation took shape earlier this year and a break above led to the recent up move.”
“Currently, the index is closing in on the lower limit of the formation, which is also close to the 50-day MA. With the daily RSI hovering near the graphical support of 50%, downside appears to be limited.”
“Lows formed earlier this month at 96.60/30 should cushion the retracement. Previous highs at 95.50 will be a key support. A recovery towards 100/100.40 looks to be in the cards.”