#USDX technical analysis for April 11, 2014
April 11, 2014 8:25 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for May 1-2, 2024: buy above $2,290 (21 SMA – 4/8 Murray) May 1, 2024
- Technical Analysis – US 500 index might hit lower levels after Tuesday’s slump May 1, 2024
- Technical Analysis – NZDUSD falls back towards 5-month low May 1, 2024
- Technical Analysis – USDJPY erases losses, but risks remain May 1, 2024
- Video market update for May 01, 2024 May 1, 2024
- What do Q1 earnings hold for Disney’s stock? – Stock Markets May 1, 2024
- Will the post-FOMC jobs report move the dollar? – Preview May 1, 2024
- Forex forecast 05/01/2024: EUR/USD, GBP/USD, USD/JPY, SP500 and Oil from Sebastian Seliga May 1, 2024
- Market Comment – Dollar enjoys a bid; stocks concerned about a hawkish Fed May 1, 2024
- Technical Analysis – Gold seeks safety after Tuesday’s drop May 1, 2024
- Technical Analysis – USDJPY stabilizes a tad below 160.00 May 1, 2024
- Video market update for April 30, 2024 April 30, 2024
- Analysis of the EUR/USD pair on April 30, 2024 April 30, 2024
- Analysis of the GBP/USD pair on April 30th. Last chance for the dollar April 30, 2024
- GBP/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- EUR/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- GBP/USD: trading plan for the US session on April 30th (analysis of morning deals). The pound is kept within the side channel April 30, 2024
- Could Monday’s intervention turn the tide for the yen? – Special Report April 30, 2024
- EUR/USD: trading plan for the US session on April 30th (analysis of morning deals). The euro is trying to end the month on April 30, 2024
- Trading Signals for Bitcoin (BTC/USD) for April 30 – May 7, 2024: sell below $62,500 (21 SMA – 4/8 Murray) April 30, 2024
The Dollar index has not made much since yesterday. The Dollar index remains above critical support at 79.20 but trend remains down. There is no bullish signal. Ichimoku clouds remain above the current price. This is bearish. The Dollar index is now back testing the broken wedge trend line. Short-term support is 79.40-35.
Short-term resistance is found at 79.45-50. If broken, we could see a bounce towards 79.85. Strong resistance is found at 79.80 up until 80 level. A reversal from this level could come as the index has reached oversold levels, but we prefer to remain neutral or short until 79.50 is broken upwards.
The rejection on a daily basis at the Ichimoku cloud at 80.60 has reversed trend sharply lower. Support is being tested and trend remains down. This could lead to more downside towards 78 if the lows at 79.20 are broken. Bulls will have the upper hand only if price breaks above 80.60.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: