empty
 
 
14.12.2015 09:54 AM
USDX technical analysis for December 14, 2015

The US dollar index failed to reach a new lower low last week. It is now testing important short-term resistance levels. As I have been expecting since last Friday, bulls should regain control of the trend as the Fed is expected to raise rates and strengthen the US dollar.

This image is no longer relevant

Black line - resistance trend line

Although the market might have already priced in a rate hike, technically the US dollar index is ready to give a short-term bullish signal by breaking above the resistance trend line at 97.90. Next resistance is seen at 98.90. Support is found at 97.20. If it gets broken, we should expect the level of 96.50 to be tested.

This image is no longer relevant

In the weekly chart, we can see how the price held above the first Ichimoku support the tenkan-sen at 97.15 where the 50% Fibonacci retracement is also found. Bulls have stepped in and from this area we could see the next upward leg that can bring the index to new highs above 100-101.
Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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