#USDX Technical analysis for March 12, 2014
March 12, 2014 10:15 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
The Dollar index bulls are trying to create an important low and stage an upward reversal. Trend remains down in all time frames. Short-term resistance is found at 79.95 and short-term support is found at 79.40. The downward sloping wedge contains current prices and if we break above 80 this bullish wedge could give us 80.55 as a target.
Important intermediate-term resistance is found at 80.40-50. Intermediate term support is at 79. If not short, we would prefer to be neutral and wait for the next signal to be given before opening a position.
The daily chart confirms that trend is down in all time frames. Trend lines have negative slopes. The index continues to make lower lows and lower highs. The Ichimoku cloud is above the index. All signs are bearish. To change to bullish, the index will need to break above 80.70 on a daily basis.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: