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Trader Journals:::2026-05-27T01:24:28

U.S. Dollar Index (USDX) in Forex Trading

USD Index, Wednesday, May 27, 2026

U.S. Dollar Index (USDX) in Forex Trading

Yesterday, on Tuesday, the USD Index was still seen swinging upwards, recording a positive daily trend as expected earlier. This morning on the H4 timeframe, a candle is seen swinging at the level of 99.11, holding in the area where the blue EMA21 line meets the purple EMA50 line above the dynamic support line of the orange EMA200. Meanwhile, the CCI14 indicator still appears to be swinging upwards, moving away from the neutral area of the zero line. Therefore, the plan to BUY USDX for today remains a profitable trading option, with a stop loss placement at the lower area of 98.57 and a take profit target above the higher area of 99.50.
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