empty
 
 
06.03.2018 09:52 AM
Ichimoku cloud indicator analysis of USDX for March 6, 2018

The Dollar index remains under pressure. Price remains below the important resistance of 90.50 but still respects the 4-hour cloud support.

This image is no longer relevant

Black rectangle - resistance

Price remains above the Ichimoku cloud in the 4-hour chart. Price needs to break the 90.50 resistance for more upside to be expected towards 91.50-92. Support at 89.80 is very important. If price breaks inside the cloud trend will change to neutral.

This image is no longer relevant

Blue line - resistance

On a daily basis the Dollar index remains in a bearish trend below the daily cloud. Support is at 89.60 and resistance at 90.40-90.50. If price manages to break above 90.50 daily trend will change to neutral. This will have longer-term bullish implications for the index.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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 June 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
  • 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