empty
 
 
ar
الدعم
فتح الحساب الفوري
منصة التداول
إيداع/ سحب

10.07.201709:33 Forex Analysis & Reviews: Technical analysis of USDX for July 10, 2017

Long-term review

The Dollar index remains in a bearish trend although for the last couple of sessions we could be making at least a short-term low. I believe the upside has more potential than looking for the bearish side.

Exchange Rates 10.07.2017 analysis

The Dollar index has retraced 61.8% of the recent rise from 95.50 to 96.50. Price remains below the 4-hour Kumo. Trend remains bearish. However the recent low could be the start of a new sequence of higher highs and higher lows. Important short-term resistance is at 96.30-96.50. Breaking it will be the first important sign of a reversal.

Exchange Rates 10.07.2017 analysis

Blue lines - bearish channel

The weekly chart remains bearish. Price is inside a bearish channel and below the weekly Kumo. However I believe we should expect a strong bounce towards 98.50-99. I believe we should bounce soon towards the lower Cloud boundary and the upper channel boundary.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.