empty
 
 
25.07.2017 09:03 AM
Technical analysis of USDX for July 25, 2017

The Dollar index remains in a bearish trend. No reversal signal yet, although we have some warning signs as oscillators get oversold. The key support area for the long-term is at 92-93.

This image is no longer relevant

Blue lines - bearish channel

The Dollar index is clearly in a bearish trend making lower lows and lower highs. Price remains inside the bearish channel and below both the tenkan- and kijun-sen indicators on the 4-hour chart. Short-term support is at 93.50 and resistance is at 94.50.

This image is no longer relevant

Green rectangle - long-term support area

The Dollar index has broken below the weekly Kumo (cloud) and is heading towards the green rectangle support area where it could also find support at the 200 MA currently at 92.35. Oscillators are oversold. It is just a warning to be cautious.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 April 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback