Ichimoku indicator analysis of USDX for June 16, 2017 888011000 110888 The Dollar index bounced strongly towards short-term resistance at 97.50. This is essential resistance and rate has actually stopped the rise. Bulls have to break above 97.50 in order for our bounce target of 99 to be accomplished. 96.50 is now extremely vital assistance. If lost, we are most probably going near 94-95. Red line- resistance Blue line -support The Dollar index is mainly moving sideways for the last couple of weeks. Price is at important short-term resistance. Cost is above the Kumo(bullish)but the Kumo is extremely thin(weak or bearish assistance). Blue lines -bearish channel Red line -short-term resistance The Dollar index is bouncing hard off the lower channel limit. The 14th June everyday candle light is a reversal everyday candle and as previously mentioned, I expect the Dollar index to move towards the Daily Kumo resistance at 98.50-99. This is not the time to be bearish the Dollar as long as cost is above 96.50. The product has actually been provided by InstaForex Company-www.instaforex.com

By | June 16, 2017

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