empty
 
 
24.05.2016 08:59 AM
Technical analysis of USDX for May 24, 2016

The Dollar index is showing signs of a short-term top but sellers are yet not strong enough to push price below 95. Only then we will have a reversal confirmation.

This image is no longer relevant

Blue lines -bullish channel

Price has broken out of the bullish channel and a pull back is now expected. Price is above the Kumo (cloud) and this implies that trend remains bullish for the medium-term despite any short-term weakness. Next support is at 94.30. Resistance is at 95.50 and if broken we should expect the index to move towards 96-96.20.

This image is no longer relevant

The weekly chart remains bullish as long as price is above 92 and the 38% Fibonacci retracement. We might see a short-term weakness pullback towards 94.30 where the lower boundary of the Kumo (cloud) is found. Concluding, short-term we are neutral to bearish while in the medium- and long-term bulls are favored as price has made an impressive reversal off the 38% Fibonacci retracement implying new highs.
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback