empty
 
 
20.01.2017 10:05 AM
Technical analysis of USDX for January 20, 2017

The Dollar index bounced strongly yesterday after the comments made by ECB President Mario Draghi. However price never managed to break above the important cloud resistance we mentioned and this bounce was a perfect opportunity to sell the index again.

This image is no longer relevant

The Dollar index formed an upper long shadow candlestick on the 4-hour chart when price reached the Ichimoku cloud resistance. Price got rejected and this reversal signal confirmed that the upward move was just a corrective wave inside a bigger downward move that started above 103.50. Price continues to make lower highs below the Ichimoku cloud and there is no divergence on the 4-hour chart that justifies trend change.

This image is no longer relevant

Green line - long-term support

The weekly candle back tested the tenkan-sen (red line indicator) and got rejected. I continue to expect the Dollar index to move lower towards the kijun-sen (yellow line indicator) at 99. The weekly oscillators however point to much lower targets and even below the long-term support green trend line.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $9000 lebih lagi!
    Dalam Mei kami membuat cabutan bertuah $9000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget