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10.11.202314:13 विदेशी मुद्रा विश्लेषण और समीक्षा: U.S. Dollar Index dynamics scenarios on November 10, 2023

Exchange Rates 10.11.2023 analysis

In conjunction with Fed Chairman Jerome Powell's firm statements, the fall in the American stock market and the decline in U.S. government bond yields provided additional support to the dollar on Thursday.

As of this writing, the DXY index was near the level of 105.78, slightly below yesterday's high of 105.83. The dollar index (CFD #USDX on the MT4 terminal) is developing an upward trend within the bull trend, medium-term—above the key support level of 104.25 (200 EMA on the daily chart), separating the medium-term bull market from the bearish one, long-term—above the key support level of 100.30 (200 EMA on the weekly chart).

Exchange Rates 10.11.2023 analysis

The breakout of today's local high of 105.96 could signal an increase in long positions on the dollar index with the prospect of growth to local resistance levels of 106.56, 106.82, 107.05, and 107.32. In any case, long positions remain preferable for now.

Exchange Rates 10.11.2023 analysis

In an alternative scenario, a signal to open short positions could be the breakdown of important short-term support levels at 105.79 (200 EMA on the 1-hour chart) and 105.68 (200 EMA on the 15-minute chart) with the prospect of a corrective decline to the important support level of 105.55 (50 EMA on the daily chart). However, its breakdown may trigger a deeper correction, down to key support levels of 104.45 (144 EMA on the daily chart) and 104.25 (200 EMA on the daily chart).

Support levels: 105.79, 105.68, 105.55, 105.00, 104.45, 104.25, 104.10, 103.00, 102.00, 101.50, 101.00, 100.30, 100.00

Resistance levels: 105.96, 106.00, 106.56, 106.82, 107.00, 107.32, 107.80, 108.00, 109.00, 109.25

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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