InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    USDX technical analysis for February 8, 2016 2016-02-08

    The US dollar index has reached important weekly support levels bouncing off as expected. There are signs of a short-term reversal but I'm not sure that the decline from 99.80 is over.

    analytics56b844ff1f310.jpg

    Show full picture

    The price is bouncing above the short-term tenkan-sen indicator resistance and could push higher towards the kijun-sen (yellow line indicator) that also coincides with the 38% Fibonacci retracement. The level of 97.65 is a short-term bounce target. However, there are still chances that we have made an important bottom.

    analytics56b845553fbfc.jpg

    Show full picture

    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