Main Quotes Calendar Forum
flag

FX.co ★ Ichimoku cloud indicator analysis of USDX for April 12, 2018

parent
Forex Analysis:::2018-04-12T05:16:22

Ichimoku cloud indicator analysis of USDX for April 12, 2018

The Dollar index has stopped its decline around the 61.8% Fibonacci retracement. The price is below the clouds and remains in a bearish trend. Bulls need to bounce strongly off this support area in order to hope for a trend change.

Ichimoku cloud indicator analysis of USDX for April 12, 2018

On a weekly basis, the Dollar index remains above the tankan-sen. The last few weeks there is no progress in price as we are mainly moving sideways. A move above last week high could lead to more upside towards 91.70. A break below 88.90 could lead to another leg lower towards 88. No clear trend so traders should be cautious and wait for the right signals.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...