empty
 
 
23.08.2017 09:16 AM
Ichimoku indicator analysis of USDX for August 23, 2017

The US dollar index broke below the cloud and the channel yesterday but right away we saw a bounce that is back testing the broken support and is trying to mark the breakdown as a false one.

This image is no longer relevant

Red lines - bullish channel (broken)

The dollar index is trying to move back above the 4 hour Kumo and inside the bullish channel. This bounce is corrective and we should expect a rejection soon to turn the price lower. The support is found at 93.30 and resistance lies at 93.70.

This image is no longer relevant

On a daily basis the dollar index is trying to break above the tenkan-sen. We are in the daily resistance area. I expect a rejection here. The dollar index is likely to break towards 91 over the coming weeks.
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