Ichimoku cloud sign analysis of USDX for March 9, 2018 888011000 110888 The Dollar index made a strong bounce the other day towards cloud resistance. Bears are still in control of the trend and with Non Farm Payrolls today, we anticipate to see volatility rise in the index. Cost bounced off the 50%Fibonacci retracement and reached Kumo resistance at 90.30. A rejection here is very possible. Next essential resistance is at 90.50. A break above it might challenge the current high at 90.92. Support is at 89.90. Every day the US dollar index bounced right at the lower border of the Ichimoku cloud. The price held above the Kijun-sen which was crucial assistance. If we get another rejection or a break inside the Kumo, it remains to be seen. A break inside the Kumo could result in a bigger bounce for the dollar. A rejection and a break listed below the Kijun-sen assistance would be really bearish in the medium-term. The product has been provided by InstaForex Company -www.instaforex.com

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