empty
 
 
15.02.2018 10:10 AM
Ichimoku cloud indicator analysis of USDX for February 15, 2018

The Dollar index bounced off the cloud support after the CPI report yesterday. Initial reaction was in favor of the Dollar but soon trend reversed lower and price broke below the crucial support of 89.60.

This image is no longer relevant

Red line - resistance trend line

The Dollar index broke below the Kumo support once again changing trend to bearish for the short-term. Support at 89.60 broke again yesterday and this was a very bearish signal. Resistance is now at 89.60.

This image is no longer relevant

The rejection at the kijun-sen and the daily close below the tenkan-sen yesterday are very bearish signs for the Dollar index. The index is expected to make new lows below the January lows. Target is around 87.50. Trend is bearish.
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