empty
 
 
15.09.2014 11:51 AM
#USDX Technical analysis for September 15, 2014

The Dollar index is consolidating sideways in a triangle formation. It is now testing the upper triangle boundaries and we can see a strong break out that will give us a short-term buy signal with 84.75 as target. Trend is sideways for the short-term but bullish for the intermediate-term.

This image is no longer relevant

Red line= resistance

Blue line= support

According to Ichimoku cloud terms, trend remains bullish as price is above the Ichimoku cloud support. Soon we should expect an upward break out towards 84.75 at least. The signal will be givenwhen price breaks 84.37.

This image is no longer relevant

Red line = resistance

Blue line = support

The daily chart continues to favor bulls. Trend is clearly bullish and the ichimoku cloud indicators point higher. The recent sideways action is most probably a pause to the rise and we should soon expect another upward break out towards 85. We remain bullish as long as price is above 84.

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 $6000 more!
    In December we raffle $6000 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