empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

04.01.201810:20 Forex Analysis & Reviews: Ichimoku cloud indicator analysis of USDX for January 4, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

NZD/USD is rebounding and is expected to trade with a bullish outlook. The pair has clearly reversed up and is now heading upwards to 0.7150.

Exchange Rates 04.01.2018 analysis

Blue line - long-term resistance

The US dollar index has managed to move above the 4-hour tenkan-sen. The price, however, remains in a bearish trend. Short-term resistance is at the kijun-sen at 92.40. Short-term support is at 92. Trend is bearish. The trend will change to bullish only if price breaks above the Kumo resistance at 93-93.40.

Exchange Rates 04.01.2018 analysis

On a weekly basis, we could be forming a weekly bullish hammer reversal candle. A weekly close above 92.20 will be positive for the next week. A weekly close at the lows of this week will be a bearish sign for the next week. Weekly resistance is very important at 93.65. Break above it and we are off to 97.
Alexandros Yfantis
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off