empty
 
 
30.06.2014 10:50 AM
#USDX Technical analysis for June 30, 2014

The Dollar index remains in downtrend. Prices are making lower lows and lower highs. I've been bearish since 80.90 and the index has given us many sell signals since then. Price has remained in a downtrend and even when it consolidated in a sideways triangle, the price broke downwards. The 38% Fibonacci retracement has been supporting the index but now is broken and we look to move lower towards the 61.8% retracement.

This image is no longer relevant

Our first short-term target was 80 and has been reached. Price is below the Ichimoku cloud and below the red donward sloping trend line. We remain bearish targeting at least 79.90 and why not 79.75. Support is found at 79.90 and resistance at 80.30.

This image is no longer relevant

The Dollar index has finally broken below the 38% retracement and is heading towards my target of the Ichimoku cloud upper boundaries that I've been talking for so long. I believe this downward move could reach the 61.8% retracement.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback