Main Quotes Calendar Forum
flag

FX.co ★ Technical analysis on USDX for June 20, 2018

parent
Forex Analysis:::2018-06-20T06:45:35

Technical analysis on USDX for June 20, 2018

The Dollar index remains in a bullish trend. Price is near its 2018 highs. My longer-term view is bearish but there is no sign for a reversal yet. There are some warnings but no confirmed reversal sign yet.

Technical analysis on USDX for June 20, 2018

Black line - resistance

Red line - support

The Dollar index remains in a bullish trend. Price is above the Ichimoku cloud and above the red trend line support. Short-term support is found at 94.89. Resistance is at 95.30. The RSI is diverging despite the new higher highs. This is a bearish warning. Below 94.89 I would look to open short positions and increase them on a break below the cloud and the red trend line support.

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...