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The Dollar index remains in a bearish trend despite the short-term bounce yesterday. As long as the price is below 94.50 trends is clearly bearish. A rejection at current levels will bring in more sellers and push the index to new lows.
Blue lines - bearish channelThe Dollar index is trading below the 4-hour Kumo and therefore the short-term trend is bearish. Resistance is at 94.50 and next at 95. Support is at 93.95 and next at 93.30.
On a daily basis, the trend is clearly bearish as the price is below both the tenkan- and kijun-sen. Resistance is at 94.75. A daily close above this level would be an initial reversal signal that would at least push price towards 95.75.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.