Tuesday , 12 December 2017

Home » RESOURCES » FOREX » USDX technical analysis for November 9, 2015

USDX technical analysis for November 9, 2015

The US dollar index has been moving in a strong uptrend since November 2 when it tested support at 96,75 and broke to new highs on November 4. A weekly bullish flag pattern was broken upwards.

usdx.jpg

Red line – support

Blue line – support

The US dollar index is above the Ichimoku cloud heading towards higher highs and higher lows. Support is found at 98.10-97,95. Resistance is seen at 100-100.20. A trend remains bullish.

usdxd.jpg

Red line -weekly resistance

The weekly chart remains fully bullish after the breakout above the bullish flag. The price is above the long-term cloud providing us with a long-term bullish signal. Pullbacks towards the broken trend-line support should be seen as buying opportunities with stops at 93.80.

The material has been provided by InstaForex Company – www.instaforex.com

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

USDX technical analysis for November 9, 2015 Reviewed by on . The US dollar index has been moving in a strong uptrend since November 2 when it tested support at 96,75 and broke to new highs on November 4. A weekly bullish The US dollar index has been moving in a strong uptrend since November 2 when it tested support at 96,75 and broke to new highs on November 4. A weekly bullish Rating:
scroll to top