empty
 
 
20.10.2014 12:03 PM
#USDX Technical analysis for October 20, 2014

The Dollar index remains inside the long-term upward sloping price channel but the short-term trend has reversed and a pull back has started. Price is trending lower with lower highs and lower lows. Support at 84 is the first big test for Dollar bulls. 

This image is no longer relevant

Price remains below the Ichimoku cloud in the 4 hour chart so trend remains bearish. The bounce off the lower channel boundaries should be short-lived as price is expected to find strong resistance at the downward sloping Ichimoku cloud near 85.50. The rejection expected at that area should push the Dollar index towards 84 to complete the downward correction.

This image is no longer relevant

In the daily chart we see the downward reversal unfolding and price remains below the resistance trend line while the tenkan-sen is about to cross the kijun-sen which in Ichimoku cloud terms this is a bearish signal. This could signal the final push towards the 38% retracement or even lower towards the cloud support at 83.70. In generall I believe the longer-term trend will remain  bullish and since the Dollar index has broken out of important weekly and monthly resistance levels, any pull back should be seen as a buy opportunity.


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 $1000 lebih banyak!
    Pada Juni kami mengundi $1000 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