Dollar index has been trading in a lower top lower bottom formation suggesting the trend to be bearish in the medium term, albeit it did rebound since the first week of January which seems to have met with a resistance near 90.95 (near the upper Bollinger band). It would be prudent to say that dollar index could decline towards 90.00 and 89.70 if it sustains below 91.00.
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Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.