empty
 
 
26.09.2017 09:20 AM
Ichimoku indicator analysis of USDX for September 26, 2017

The Dollar index is testing important short-term resistance and previous high at 92.70. Trend is bullish. 93 is an important resistance level.

This image is no longer relevant

Red line - resistance (broken)

Blue line - previous high horizontal resistance

The Dollar index is trying to break above the previous highs at 92.70. Price back tested the cloud support and has reversed higher and is now ready to break to new short-term highs. Important support remains at 91.80.

This image is no longer relevant

Red lines - bearish channel

On a daily basis we consider that the Dollar index is making a bounce that has first important resistance at 93 and next at 93.70. Both targets can be met but I believe we will first see below 91, before a bigger bounce. Short-term trend is bullish but medium-term trend remains bearish. Breaking below 91.80 will open the way for a move towards 90 or lower.

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