For Traders

Analytical Reviews

Technical analysis

29.03.201708:58 Forex Analysis & Reviews: Technical analysis of USDX for March 29, 2017

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

The Dollar index bounced as we were expecting since the divergence signals were increasing. The Dollar index has bounced off important support at 99-98.80 area and is trying to break above the first important resistance levels. I believe the most probable outcome will be a lower high and another bearish reversal.

The Dollar index has reversed and is testing short-term Ichimoku cloud resistance at 99.90. Support is at 99.40. This upward move could continue towards 101 if the sequence of higher highs and higher lows continues in the 4-hour chart.

Black line - neckline support

Blue line -trend line resistance

Green line -long-term trend line support

The Dollar index owed us a bounce from oversold levels and delivered it yesterday despite the weakness it showed on Monday. As I said in a previous post, weekly candles are not shaped on Monday and that is why we need to be patient with the weekly close. I expect the Dollar index to make a lower high relative to the 102.30 and then reverse lower towards 98 or even 97.

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.