empty
 
 
20.11.2014 11:08 AM
#USDX Technical analysis for November 20, 2014

The Dollar index remains inside its sideways trading range. I do not expect the Dollar index to continue much longer inside this range but until it breaks out I need to remain patient and wait for a valid signal. The Dollar index remains in a longer-term up trend and has not given any signs that bulls should exit their long positions yet.

This image is no longer relevant

Black line = support

Red line = resistance

The Dollar index contnues to trade on top of the Ichimoku cloud. The sideways consolidation could very well be a bullish flag within the longer-term bullish flag I have previously mentioned. If the Dollar index breaks above 88.15, we should expect an upward move towards 91. If the Dollar index breaks below 87, we should expect a pull back towards 86 at least.

This image is no longer relevant

Red line = resistance

Blue line = support

The Dollar index remains in a longer-term up trend and the ichimoku cloud indicators support this. The bullish flag pattern remains valid with 91 as my 1st target. Now, that we could have a smaller bullish flag inside this larger bullish flag, the bullish scenario has more chances of success than the bearish one (pull back towards 86 or lower).

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