InstaForex - Analytics

    InstaForex

    739.75 6.25/10
    62% of positive reviews
    Real

    USDX technical analysis for August 5, 2015

    The US Dollar index gave a short-term bullish signal yesterday breaking above the short-term trend-line resistance. The US Dollar Index moved towards short-term higher highs in the important resistance area of 98.-98.20.

    usdx.jpg

    Show full picture

    The index remains above the Ichimoku cloud implying that the short-term trend is bullish. Yesterday, we got another bullish signal after a breake above the downward sloping trendline as shown in the 4-hour chart above. We are at important resistance levels now. Critical short-term support is at 97.30.

    usdxd.jpg

    Show full picture

    Green line - support

    The weekly chart above shows the important resistance level we are currently at. A rejection in this area will probably push the US Dollar Index towards the Green trendline support. Important weekly support is seen at 96.70. Bulls do not want a break below that area.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree