Ichimoku indicator analysis of USDX for October 20, 2017
October 20, 2017 8:24 amVideo
Latest News
- Forecast for EUR/USD on April 24, 2024 April 24, 2024
- Forecast for GBP/USD on April 24, 2024 April 24, 2024
- Forecast for AUD/USD on April 24, 2024 April 24, 2024
- Outlook for GBP/USD on April 24. The pound has perked up April 24, 2024
- Outlook for EUR/USD on April 24. Euro rose to the upper boundary of the channel April 24, 2024
- The euro miscalculated its strength April 24, 2024
- Video market update for April 23, 2024 April 23, 2024
- Trading Signals for EUR/USD for April 23-25, 2024: buy above 1.0681 (21 SMA – 3/8 Murray) April 23, 2024
- Analysis for the EUR/USD pair on April 23rd. Euro currency prepares for another decline April 23, 2024
- Analysis for the GBP/USD pair on April 23rd. Sellers failed to take the mark of 1.2313 on the first attempt April 23, 2024
- Technical Analysis – AUDUSD gears up after disappointing US PMIs April 23, 2024
- Technical Analysis – Meta stock falls below 50-SMA ahead of earnings April 23, 2024
- USD/JPY: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- GBP/USD: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- Technical Analysis – USDJPY fights with new 34-year high April 23, 2024
- EUR/USD: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- Alphabet Q1 Earnings: Strong ad business but AI initiatives lag – Stock Markets April 23, 2024
- GBP/USD: trading plan for the US session on April 23rd (analysis of morning deals). The pound continues to decline April 23, 2024
- EUR/USD: trading plan for the US session on April 23rd (analysis of morning deals). The euro has shown rapid growth April 23, 2024
- EUR/USD. April 23rd. Bulls and bears are in balance April 23, 2024
The Dollar index reached the short-term 93 support level and bounces higher now. Price is in a short-term neutral trend as the index is mainly moving sideways between 94-93 levels.
Blue line – resistance trend line
Rectangle – support
The Dollar index has reached the upper boundary of the 4-hour Kumo (cloud). 93.50 is the boundary resistance and the rise has stopped right there. Support is at the black rectangle. Breaking below it will open the way for a move towards 90 as price will be making lower lows and lower highs.
Black lines – bearish channel
Blue lines – bullish channel
Yesterday, the Dollar index tested the lower channel boundary of the bullish channel. Support held and price bounced but it remains inside the cloud and below the upper boundary of the long-term bearish channel. Important resistance is at 93.90 and important support at 93.10. Whichever level breaks first, a strong move is expected to follow.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: