In today’s analysis of the Dollar Index, the price stands at $105.622, reflecting a decline of 0.46%. Chart data reveals pivotal levels: the pivot point rests at $105.521, with immediate resistance at $106.111, followed by $106.536 and $107.097. Conversely, support levels are at $104.901, $104.434, and $103.865, respectively.
Technical indicators underscore a bullish sentiment, with the 50-day Exponential Moving Average at $105.802 and the 200-day EMA at $105.041. The index remains bullish above $105.521, but a breach below this threshold could precipitate a pronounced selling trend.
Arslan, a webinar speaker and derivatives analyst, has an MBA in Finance and MPhil in Behavioral Finance. He guides financial analysis, trading, and cryptocurrency forecasting. Expert in trading psychology and sentiment.