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    #USDX technical analysis for April 16, 2015

    The Dollar index has pulled back towards cloud support and towards our short-term pullback targets at 98-97.50. The Dollar index has reached the Ichimoku cloud support. The uptrend can resume from the current levels.

    usdx.jpg

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    Red line = support

    Green line = trend line resistance

    Blue lines= target projection

    The Dollar index has broken green trend-line resistance and is pulling back to test it. The price has reached the Ichimoku cloud support in the 4-hour chart and I believe that the uptrend could resume from the current levels.

    usdxd.jpg

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    Orange lines= bullish channel

    The Dollar index remains inside the bullish channel. The weekly candle is showing some signs of a pause in the uptrend. Weekly support is at 97 and weekly resistance is at 102. The longer-term trend remains bullish. As long as we trade above 96, I would remain optimistic.

    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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