Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Long-term review

The Dollar index got rejected once again at the 94 price level and is testing short-term support at 93.30. So far price is trading sideways trapped inside the trading range of 94-93.

Exchange Rates 19.12.2017 analysis

Red rectangle - resistance

Black rectangle -support

The Dollar index is trading inside the 4hour Kumo (cloud) .Trend is neutral. Price bounced off the cloud support (black rectangle) but bulls are not strong enough to push price back above the Kumo (cloud). Price is below both the tenkan- and kijun-sen indicators. This is a bearish sign, increasing the chances of breaking the black rectangle support level.

Exchange Rates 19.12.2017 analysis

On a weekly basis price has bounced off the 61.8% Fibonacci retracement as expected but so far is unable to break above the resistance of the kijun-sen (yellow line indicator). Support is at 93-92.50 and if this level is broken we should expect price to move towards 91. Resistance at 94 is crucial for bulls. Break it and we go towards 96-97.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Alexandros Yfantis,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.