Todays outlook on the USD Index

H4 chart

Price opened the week below 100.50, spiked the 21 and 55EMAs then dropped. Stoch is above 50% level facing sideways.From WM2 weekly target for the bulls is WM4. Further support is eyed at WS1, 100.00 Psych level and fib61.8 of the current swing low to swing high.

H1 chart

Price opened the day near DM3, dropped then found support at DS1 with the fib61.8. Stoch is oversold looking to turn back to the upside. The target from here is DR1 which is also fib-extension 138.2. With H4 analysis price here might continue its drop down to bears daily target

2 thoughts on “USD Index daily analysis917 April 2017)”

  1. Henri Hanekom says:

    Hi Teboho, like your chart setup and pivot points. Can you give advise as to where you got this chart setup?

    1. Teboho Faro says:

      YOU want pivot points? If you wanna know about the whole chart setup you can email me [email protected]

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