empty
 
 
29.06.2015 10:41 AM
USDX technical analysis for June 29, 2015
The US Dollar Index broke above the triangle on Friday and we saw a gap up at early trading on Monday with new highs as the main component of the US Dollar Index. The EUR/USD pair moved down due to the Greek referendum announcement and inability of Greece's governement to reach an agreement with the European institutions and the IMF.

This image is no longer relevant

Blue lines- triangle

The US Dollar Index is pulling back towards the tenkan- and kijun-sen support after the gap up earlier today. The price is above the cloud support. Short-term support is at 95-95.30. If is gets broken, we should expect a push even lower towards 94.50.

This image is no longer relevant

The weekly chart showed signs of strength last week. The price is above the kijun- and tenkan-sen indicators. The trend is mostly sideways. Support at 93.10 was held and bulls managed to reverse last week's candle producing a positive one. Weekly resistance is seen at 97.85 and at 97. Weekly support is at 93.50 and 93.10.
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 $9000 more!
    In May we raffle $9000 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