REDATOR Ben Graham Posted January 22 REDATOR Report Share Posted January 22 #USDXThe current price movement of #USDX is still ranging, indicated by the current price movement which is in the middle of the EMA(50) & EMA(200) but with the appearance of Bullish Divergence in the RSI(14) which is also in the Neutral Bullish area, it gives an indication of the potential for strengthening in the near future.Key Levels1. Resistance. 2 : 99.142. Resistance. 1 : 98.943. Pivot : 98.654. Support. 1 : 98.455. Support. 2 : 98.16Tactical ScenarioPositive Reaction Zone: If the price holds above 98.65, #USDX may move up toward 98.94.Momentum Extension Bias: If 98.94 is broken to the upside, there is potential for #USDX to test 99.14. Invalidation Level / Bias RevisionThe upside bias weakens if #USDX falls below 98.16. Technical SummaryEMA(50) : 98.66EMA(200): 98.81RSI(14) : 57.90 + Bullish DivergentEconomic News Release Agenda:Tonight the United States will release the following economic data:US - Final GDP q/q - 20:30 WIBUS- Unemployment Claims - 20:30 WIBUS - Final GDP Price Index q/q - 20:30 WIBUS - Core PCE Price Index m/m - 22:00 WIBUS - Personal Income m/m - 22:00 WIBUS - Personal Spending m/m - 22:00 WIBUS - Natural Gas Storage - 22:30 WIBUS - Crude Oil Inventories - 00:00 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_1e95ed2a and Visitante_91da2799 1 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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