empty
 
 
08.06.2017 08:55 AM
Ichimoku indicator analysis of USDX for June 8, 2017

The Dollar index bounced yesterday as we expected but got rejected at the first important short-term resistance. Yesterday's highs are now very important to the short-term trend. If broken we should expect price to move towards 99.

This image is no longer relevant

Blue line - resistance

Previous support at 97 has turned into resistance. As expected, the index bounced yesterday and back tested it. However the rejection and inability to hold above 97 is a bearish sign that implies at least one more new lower low could be expected. It is not necessary but as long as we trade below 97, short-term trend remains bearish.

This image is no longer relevant

Red line- short-term resistance

Blue lines - bearish channel

In the daily chart, price is in a bearish trend below both tenkan- and kijun-sen. Price is inside a bearish channel and very close to the lower boundary. I expect a strong bounce to come soon that could push the index back towards the upper channel boundary and the daily Kumo (cloud) resistance at 99. There are bullish divergence signs by the RSI and this is a warning for Dollar bears to be cautious and lower their stops.

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 $8000 more!
    In March we raffle $8000 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