FxWirePro:US Dollar index faces strong support at 99.40, good to sell on rallies
Wednesday, February 1, 2017 10:47 AM UTC
- Major support – 99.40
- Pattern formed – Double bottom
- U.S. Dollar index declined sharply after breaking the major support at 99.79 low made on Jan 26th 2017 low. It is currently trading around 99.71.
- Short term trend is slightly bullish as long as support 99.40 holds. Any break below 99.40 will drag the index down till 98.85 (61.8% retracement of 103.82 and 95.89)/98.54.
- On the higher side, any break above 99.89 (100- day EMA) will take the index till 100.18 (5- day MA) /100.60 (trend line joining 103.82 and 102.95).
- Short term bullish invalidation only below 98.
It is good to sell on rallies around 99.95-100 with SL around 100.60 for the TP of 98.85/98.30
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro- Major Crypto levels and bias summary 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Woodies Pivot(Major) 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
