Rimani 
Condizioni di trading
Strumenti
The Dollar index is moving higher. Price has moved above the 4-hour Ichimoku cloud resistance. Could the low be in for the Dollar or is this just another short-term bounce. 90.56 is the most important level to watch out for, as this is the previous short-term high and as long as we are below it, we consider this move higher as a bounce and not as a new move.
Red line - long-term resistance trend line
In previous posts I mentioned the possibility that the entire move from 103.60 could be over or could soon be. The Dollar index is now challenging a resistance area that if it is broken, the scenario that the entire decline is over would gain a lot of chances of success. Resistance is at 90 and 90.56. Support is at 89.50 and at 89.10.
Blue line - long-term resistance trend line
On a weekly basis, the Dollar index remains in a bearish trend. However, we could see a big upward bounce even towards the 94-95 area. First important weekly resistance is at 91.60 and next at 92.60. Breaking above the 92.60 will open the way for a move towards 94-95. The market is at least correcting the decline from 95.20. Minimum bounce target is at 91.50. This is not the time to be bearish the Dollar.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
