US-Dollar Index has already hit our first 3 profit targets within 2 weeks of our post dated September, 13 2020.

In our post dated September, 13 2020 we wrote for US-Dollar Index, “If US-Dollar Index is closing above 9,339 level and that bar’s high is taken out (crossed) then the Price Targets for US-Dollar Index to the upside can be as below:

  1. 9,343.5
  2. 9,405.4
  3. 9,470.0
  4. 9,505.7
  5. 9,541.4

Just after our previous post on US-Dollar Index, it did close above the critical level mentioned in that post (9,339) on Mon 21-Sep-2020. The close on Mon 21-Sep-2020 for US-Dollar Index was 9,355.7 which was 16.7 pips above our mentioned level of 9,339.

US-Dollar Index achieved our first profit target of 9,343.5 on Mon 21-Sep-2020,

US-Dollar Index hit our second profit target of 9,405.4 on Tue 22-Sep-2020,

and now on last Friday 25-Sep-2020, US-Dollar Index achieved our third profit target of 9,470.0.

 

US-Dollar Index hits our first 3 profit targets

 

We have the 4th and 5th targets for US-Dollar Index as 9,505.7 and 9,541.4. Time will tell whether US-Dollar Index is going to hit these 2 last targets for the time being.

Thank you for reading our blog post. If you want to grow, you can visit our Corporate website (https://npfinancials.com.au/) to get the tools to create your own financial freedom by trading different asset classes.

To take your Forex Trading to the Next Level through all our professional approaches and to find out the answers to all your Forex Trading related queries, please contact us at 03 9015 4858 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Learn how to trade Forex Pairs with us to explore the possibility of earning passive income keeping your day job.

Our Proprietary Forex Trading Strategy, which actually works, will guide you through every step of your trading in Forex Pairs and help you to explore the possibility of earning extra income. Learn what all other  Forex Currency Pairs we are Trading in our Forex Trading Asset Classes. Develop yourself as a professional Forex trader capable of capturing second income in the future with us.

Please click on the Contact Us link: Goo.Gl/2SRZoG

Call us on +61 3 9015 4858
email: info@npfinancials.com.au

 

Our post dated September, 13 2020:

In this blog post let us show you the Current state of the US Dollar Index and our Price Targets for the Dollar Index.

In the week number 13 (starting from 23.03.2020 till 27.03.2020) US Dollar Index printed a “double top” at 10,396.3 (some providers may quote the level as 103.96) which was a little higher than the top (10,380.0) printed by US Dollar Index in the month of January 2017.

From this level of 10,396.3 US Dollar Index has depreciated in recent time in 23 weekly bars, consuming 5 months and 7 days, a massive 1,222.2 or 11.76%. The recent low for US Dollar Index has been 9,174.1 (some providers may quote the level as 917.41) printed during last but one week.

At the time writing this blog post, US Dollar Index is trading at the price level of 9,324.0. Our analysis and Price Targets for US Dollar Index is as below:

If US Dollar Index is closing above 9,339 level on a weekly basis and that bar’s high is taken out (crossed) then the Price Targets for US Dollar Index to the upside can be as below:

  1. 9,343.5
  2. 9,405.4
  3. 9,470.0
  4. 9,505.7
  5. 9,541.4

Current state of US Dollar Index and our Price Targets

If on the other hand, US Dollar Index is closing below 9,224.6 price level on a 2-day basis and that bar’s low is taken out then the Price Targets for US Dollar Index to the downside can be as below:

  1. 9,208.8
  2. 9,145.6
  3. 9,136.7
  4. 9,109.9
  5. 9,074.2

Thank you for reading our blog post. If you want to grow, you can visit our Corporate website (https://npfinancials.com.au/) to get the tools to create your own financial freedom by trading different asset classes.

To take your Forex Trading to the Next Level through all our professional approaches and to find out the answers to all your Forex Trading related queries, please contact us at 03 9015 4858 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Learn how to trade Forex Pairs with us to explore the possibility of earning passive income keeping your day job.

Our Proprietary Forex Trading Strategy, which actually works, will guide you through every step of your trading in Forex Pairs and help you to explore the possibility of earning extra income. Learn what all other  Forex Currency Pairs we are Trading in our Forex Trading Asset Classes. Develop yourself as a professional Forex trader capable of capturing second income in the future with us.

Please click on the Contact Us link: Goo.Gl/2SRZoG

Call us on +61 3 9015 4858
email: info@npfinancials.com.au

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