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Trader Journals:::2026-04-22T04:56:02

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

USD Index, Wednesday, April 22, 2026

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

On the previous Tuesday, the USD Index or USDX was seen swinging higher away from the lower 97.60 area as previously anticipated. On the H4 timeframe this afternoon, a candle is seen swinging at the 98.35 level, held back at the convergence of the blue EMA21 line with the purple EMA50 line below the dynamic resistance line of the orange EMA200. The bullish technical support direction is still evident in the CCI4 indicator, which is currently swinging higher away from the neutral zone of the zero line. In general, the trading plan to BUY USDX for today still seems to be a profitable choice, by placing a stop loss at the lower 97.60 area and a take profit target at the higher 99.16 area.
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