empty
 
 
07.08.2015 09:52 AM
USDX technical analysis for August 7, 2015

The US dollar index remains in a short-term uptrend, but it has given some worrying signs of a possible reversal as it cannot push above the 98.20-98.30 resistance. The price got rejected once again at that resistance area but for now the pullback is shallow and has not broken short-term support at 97.15.

This image is no longer relevant

Red line - resistance

Green line - support

The price is above the Ichimoku cloud and tests the Kijun-sen (yellow indicator) support. Short-term support is a recent low at 97.65 so a break below that level could push the price towards the cloud support at 97.15. Critical support for the medium-term bullish trend is at the green trendline support at 96.70.

This image is no longer relevant

Red line - resistance

Green line - support

The US dollar index still trades inside the triangle pattern. With NFP today announced in the US, we should expect some increase in volatility to help the price break above or get rejected and push towards the green trendline support. Weekly support is also found at 96.70; and the next one, at 95.90. The best strategy is to wait until the Non-Farm Payrolls announcement to open a position.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback