empty
 
 
05.03.2015 10:36 AM
#USDX technical analysis for March 5, 2015

The Dollar index remains in a fully bullish mode now that we have made new 11 year highs. The Dollar is very strong and as I have been saying for some time now, longer-term trend points to 100-101 and bulls are in full control of the trend. Becase of the EUR/USD in the major component of the Dollar index breaking to new lows, trend is clearly bullish for the Dollar. I remain long since the last buy signal (95 level). The triangle pattern were broken upwards.

This image is no longer relevant

Red rectangle = support area

The Dollar index is making higher highs and higher lows. The price is above the Ichimoku cloud. Both tenkan-sen and kijun-sen are positively sloped and after a bullish cross at 94.50 the bullish trend is picking up. The Chikou span has no resistance levels close by and trend is fully bullish in all time frames.

This image is no longer relevant

The monthly chart remains fully bullish and price has now broken above the 50% retracement. Critical support is at 94. As long as we trade above it, I will be expecting the index to reach the 61.8% retracement above 101. We are making new 11 year highs. This not a time to bet against the trend.

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