empty
 
 
01.03.2017 10:00 AM
Technical analysis of USDX for March 1, 2017

The Dollar index strengthened last night after the speech by US President Donald Trump at the Congress. However the price has only managed so far to reach important resistance area of 101.80. There is no break out yet. Traders should be very cautious in case we see another rejection.

This image is no longer relevant

Red line - support

Blue line - resistance

The Dollar index is above the Ichimoku cloud and is testing important short-term resistance at 101.80. I believe we are going to see another rejection at current levels and another pullback towards 100.40 support. The sideways action continues and I prefer to be neutral in the short term or slightly bearish as long as the price is below 102.

This image is no longer relevant

Black line - neckline support

Green line - long-term support trend line

The Dollar index is trying to break out above the weekly tenkan-sen that gave two weekly rejections during the last couple of weeks. Will there be a third time? It is still too early to be sure, though medium-term trend continues to favor bulls as long as price is above the neckline support at 99.25. This week's low is very important so a break below 100.70 will be a bearish sign.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback