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USDX

USDX Expected to Decline to 84.95 After Entry at 97.12

The recommendation is to sell the US dollar index (USDX) on an intraday basis, entering at 97.12 with a target of 84.95 and a stop loss set at 101.15. The key levels to watch are 78.84, 84.95, 101.15, and 103.13, indicating significant support and resistance points. This suggests a bearish outlook in the short term.
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AI Analysis

The current trading plan indicates a strong bearish sentiment for the USDX, supported by the suggested entry, stop loss, and take profit levels. The key levels provided serve as crucial points where p...

AI Recommendation

Given the technical setup and key level analysis, a trader could consider executing the sell order at 97.12, but should monitor the key levels closely. If the price moves to and beyond 101.15, the dow...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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