Ichimoku cloud indicator analysis of USDX for April 25, 2018
April 25, 2018 8:22 am
high. Resistance is found at 91, where the September’s low was made. My short-term target remains at 91.70, where the weekly kijun-sen is found.
Black lines – triangle pattern
The Dollar index is trading above the Ichimoku cloud. Support is at 90.70. Resistance is at 91 and next at 91.70. If support fails to hold, we should expect price to move towards the 90.30 support by the kijun-sen in the 4 hour chart. A pull back to back test the broken triangle boundary is very possible. I continue to make the Dollar index bullish as long as we are above 90.
The material has been provided by InstaForex Company – www.instaforex.com
high. Resistance is found at 91, where the September’s low was made. My short-term target remains at 91.70, where the weekly kijun-sen is found.
Black lines – triangle pattern
The Dollar index is trading above the Ichimoku cloud. Support is at 90.70. Resistance is at 91 and next at 91.70. If support fails to hold, we should expect price to move towards the 90.30 support by the kijun-sen in the 4 hour chart. A pull back to back test the broken triangle boundary is very possible. I continue to make the Dollar index bullish as long as we are above 90.
The material has been provided by InstaForex Company – www.instaforex.com
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