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US Dollar Index

3/23/2017 2:44:32 AM

US Dollar Index - Technical Analysis: Thursday, 23/03/2017 06:44 GMT

The US dollar index keeps declining to approach from our waited target at 99.12, to support the continuation of the bearish trend on the short term basis, reminding you that breaking this level will extend the bearish wave to reach 98.02 mainly.

On the other hand, we should note that the index success to break 99.12 level will complete forming bearish pattern that will cause extension of the bearish wave on the long term basis, while surpassing 100.22 then 100.80 levels will stop the current negative pressure and push the index to attempt to return to rise again.



Trend Bearish