Ichimoku cloud indicator analysis of USDX for March 1, 2018
March 1, 2018 9:22 amVideo
Latest News
- Low volatility across the board besides Bitcoin – Volatility Watch May 28, 2024
- Technical Analysis – EURCHF pulls back from 14-month peak May 28, 2024
- USA and Europe: market trends during the holidays May 28, 2024
- Market Comment – Euro takes advantage of weak dollar May 28, 2024
- Technical Analysis – EURJPY advances towards 40-year high May 28, 2024
- Technical Analysis – GBPUSD challenges new 2-month high May 28, 2024
- Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday May 28, 2024. May 28, 2024
- Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Tuesday May 28, 2024. May 28, 2024
- Forecast for GBP/USD on May 28, 2024 May 28, 2024
- Forecast for AUD/USD on May 28, 2024 May 28, 2024
- The bullish bias is gaining momentum. Overview of GBP/USD May 28, 2024
- CFTC report: investors continue to USD sell-off despite high yields May 28, 2024
- Investors bet on the euro’s strength. Overview of EUR/USD May 28, 2024
- Video market update for May 27, 2024 May 27, 2024
- Analysis of GBP/USD pair on May 27, 2024 May 27, 2024
- Euro area inflation unlikely to change ECB’s outlook – Preview May 27, 2024
- EUR/USD. Analysis of the upcoming inflation report in the European Union. What to expect? May 27, 2024
- USD/JPY: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- GBP/USD: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- EUR/USD: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
The Dollar index has broken through the previous high at 90.60. Short-term trend remains bullish. Next important resistance is found at 90.85 where we find the 38% Fibonacci retracement.
Red line – resistance (broken)
Black line – resistance (broken)
The Dollar index is breaking above the short-term resistance levels and continues to trade above both the tenkan- and kijun-sen indicators. Support is at 90.10 and at 89.80. Bulls do not want to see these two levels broken. Above the 38% Fibonacci retracement resistance, we have the 91.75 and 92.45 levels as very important resistance levels.
Blue line – resistance (broken).
Daily trend remains bearish as price remains below the Kumo. Price is now challenging cloud resistance in the Daily chart. Daily support is at 90.50-90.25 and at 89.80. Bulls need to be careful as we might see a rejection at the Daily cloud resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: