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MONTHLY REVERSAL IN US DOLLAR INDEX


The US Dollar Index has given a first monthly negative reversal below 98.23, level. Index has violated long term monthly trend line support and currently trading below it at 95.71 levels.

 As per the current chart structure we can see huge downside pressure below 95.23 level and 90/87 will be a target levels in coming period.   

1) Retracement Levels:


1.    Retracement levels 38.2% @90.00
2.    Retracement levels 50.0% @86.76
3.    Retracement levels 61.8% @83.51
4.    Retracement levels 78.6% @78.49
5.    Retracement levels 61.8% @76.03



2) Retracement Levels:

1.    Retracement levels 38.2% @92.27
2.    Retracement levels 50.0% @89.70
3.    Retracement levels 61.8% @87.13
4.    Retracement levels 78.6% @83.48


US DOLLAR INDEX (MONTHLY CHART)



US DOLLAR INDEX ( MONTHLY CHART)


















{17 MAR,2016}



Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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