empty
 
 
11.08.2014 10:03 AM
#USDX Technical analysis for August 11, 2014

There are increased chances that the Dollar index has topped. I'm very sceptical if the Dollar index can continue higher now. I believe it should first at least make a downward pullback. Price is stalling near the highs with short-term price action showing signs of bearish reversal.

This image is no longer relevant

In the 4 hour chart, price is still above the Ichimoku cloud but is making lower highs and lower lows. Support by the green price channel and the Ichimoku cloud at 81.35 is crucial. If broken, we should expect to see more downside pressures towards 81 at least.

This image is no longer relevant

The daily chart shows how daily candles are testing the longer-term upward sloping channel. We should be bearish if price breaks below the channel and this means below 81.20. This could be a sell signal with 80.80 as the first target and 80.20 as the second target. If support is held at 81.35, we should expect the Dollar index to rise towards 82.10.

Alexandros Yfantis,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback