In today’s technical analysis of the Dollar Index, the price stands at $105.669, marking a slight increase of 0.09%. Analyzing the 4-hour chart timeframe, key price levels are identified, with the pivot point set at $105.521. Immediate resistance levels are observed at $106.111 and $106.536, while immediate support lies at $104.901, followed by $104.434 and $103.865.
Technical indicators, including the 50-day Exponential Moving Average (EMA) at $105.782 and the 200-day EMA at $104.988, offer further insights into market trends. With a bullish sentiment prevailing above $105.521, a breach below this level could trigger significant selling pressure.
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.