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#USDX technical analysis for March 10, 2015

The US Dollar index continues its strong uptrend making another new high. The trend remains bullish. The price is making higher highs and higher lows. 100-101 is the next target that I have given some time ago.

usdx.jpg

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Orange lines = upward sloping channel

The US Dollar index is inside the orange upward sloping channel. The price is above the tenkan-sen and the kijun-sen. The ichimoku cloud is below the price and the Chikou span is pointing higher too. The chart is fully bullish for the short- to medium-term. Next target is 99 while our longer-term target for some time now is at 100-101.

usdxd.jpg

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The monthly chart is fully bullish moving towards the 61.8% retracement after breaking above the 50% retracement. 100-101 is our next target for some time now as I remain long. Daily support is found at 97 and daily resistance at 100-101.

Alexandros Yfantis neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

Uitgevoerd door, Analytische expert
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