For Traders

Analytical Reviews

Technical analysis

14.04.201509:44 Forex Analysis & Reviews: #USDX technical analysis for April 14, 2015

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.

The Dollar index remains in the short-term bullish trend that started at 96.30 last week after the gap down. The price has a short-term target at the previous high of 100.50. The longer-term trend remains bullish targeting 102-103.

Green line = resistance

Red line = support

The Dollar index has broken the green trend-line resistance continues to trade above the Ichimoku cloud. The cloud provides support at 97.50. The kijun-sen provides short-term support at 98.50. Now, the index is trading closer to the previous highs and current target at 100.50.

The weekly chart remains fully bullish as the price remains inside the upward sloping orange channel and above the tenkan-sen. The lLong-term trend remains bullish with 102-103 as 1st target area. Bulls aim to hold above 96.20 on a weekly close.

Back to the list

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.