USDX continues with the recovery across the board and it's now challenging the 200 SMA, at which a breakout should open the doors to test the resistance zone of 94.00. The current stage in the greenback is key, as we could see a bearish continuation towards the support level of 91.85. MACD indicator is entering the positive territory.
H1 chart's resistance levels: 93.60 / 93.98 H1 chart's support levels: 92.70 / 91.85 Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 92.70, take profit is at 91.85 and stop loss is at 93.53.
Ichimoku indicator analysis of USDX for November 30, 2017
The US dollar index remains inside the bearish channel. The trend remains bearish in the medium term but we have short-term bullish reversal signs. We have been calling a reversal off the 92.50 price area and so far we were correct. Our primary scenario expects a big bounce above November highs.
Black lines - bearish channel The US dollar index remains inside the bearish channel and below the 4-hour Ichimoku cloud. Trend is bearish. However I believe that this upward bounce is a part of a bigger bounce that is expected eventually to push the price above 95. Support now is at 93 while resistance levels are found at 93.50 and 93.80. A break above the 4-hour cloud will be a bullish sign.
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The US dollar index is reversing off the 61.8% Fibonacci retracement. This bounce is expected to move the price higher. Resistance on a weekly basis is at 94 and 94.50. A weekly close above these two levels will most probably push the index towards the weekly cloud at 96.50-97. As long as we do not break below this week's lows, I remain bullish.
Analisis Harian Indeks USDX untuk 04 Disember, 2017
Aliran penurunan harga telah mendominasi dagangan Indeks USDX dan ia dilihat telah menguji sokongan yang terletak pada tahap 92.70. Tahap ini harus ditembusi bagi membolehkan harga menguji zon sokongan 91.85. Dari sudut positif, sekiranya indeks USDX ini berjaya membuat lantunan semula harga pada tahap semasa, maka harga berkemungkinan akan menguji semula SMA 200 pada carta 1H.
Tahap Rintangan Carta 1H: 93.60 / 93.98 Tahap Sokongan Carta 1H: 92.70 / 91.85 Cadangan Perdagangan untuk Hari Ini: Berdasarkan pada carta 1H, para pedagang disarankan untuk mengambil pesanan menjual (jual) hanya sekiranya Indeks USDX ini berjaya menembusi cartalilin penurunan harga; dengan menetapkan sokongan pada tahap 92.70, take profit pada tahap 91.85 dan stop loss pada tahap 93.53.
Ichimoku indicator analysis of USDX for December 4, 2017
The Dollar index held above its recent lows and made a higher low on Friday. Although last week's close was not perfect for bulls, it was not bad either. We start the week with Dollar strength and for bulls to continue to have control, price must break above 93.30 resistance.
Black lines - bearish channel The Dollar index is trying to break above the Ichimoku cloud. Price is already above the bearish channel and has already made a higher low last week. Bulls need to step in now and push price above the 93.30 resistance by the Ichimoku cloud. Breaking above the resistance will increase the chances of a push towards 95-96.
On a weekly basis, the Dollar index is showing reversal signs off the 61.8% Fibonacci retracement. Our primary scenario for some time now has been to reach 92.50 and reverse higher for a move towards the weekly Kumo resistance at 96-97. So we remain bullish. Important support is last week's lows. Bulls do not want to see that low broken.
Analisis Harian Indeks USDX untuk 05 Disember, 2017
Indeks USDX dilihat masih mengkuhkan tindakan harga sedikit di bawah SMA 200 pada carta 1H. Rintangan seterusnya menuju ke Moving Average (MA) terletak pada tahap 93.60, di mana penembusan harga pada tahap ini harus membuka ruang untuk harga melanjutkan aliran menaik, sementara untuk aliran menurun, tahap kritikal 92.70 berperanan dalam memastikan aliran penurunan harga kekal mendominasi pasaran ini.
Tahap Rintangan Carta 1H: 93.60 / 93.98 Tahap Sokongan Carta 1H: 92.70 / 91.85 Cadangan Perdagangan untuk Hari Ini: Berdasarkan pada carta 1H, para pedagang disarankan untuk mengambil pesanan menjual (jual) hanya sekiranya Indeks USDX ini berjaya menembusi cartalilin penurunan harga; dengan menetapkan sokongan pada tahap 92.70, take profit pada tahap 91.85 dan stop loss pada tahap 93.53
Ichimoku indicator analysis of USDX for December 5, 2017
The Dollar index has broken out of the bearish channel but remains inside the Kumo. Trend is neutral. Price is mainly moving sideways in the short-term. I expect price to break upwards but traders have to be patient.
Black lines - bearish channel (broken) The Dollar index is moving sideways just below the 93.40 short-term resistance. Bulls are trying to push price above the cloud. I believe that eventually bulls will break resistance. Support is at 93 and next at 92.60.
On a weekly basis price is reversing upwards as expected from the 61.8% Fibonacci retracement. The Dollar index is expected to move higher towards the October highs and challenge them. Most probable scenario for me is to see price move towards the weekly Kumo near 96-97. Important support that bulls must hold is last week's low.
Analisis Harian Indeks USDX untuk 06 Disember, 2017
Indeks USDX berlegar di sekitar SMA 200 tanpa arah harga yang jelas, walau bagaimanapun harga dilihat kekal dalam prospek penurunan harga, sebagaimana tindakan harga kini mengukuh di bawah Moving Average (MA). Sokongan seterusnya terletak pada tahap 92.70, dan sekiranya harga berjaya menembusi tahap tersebut, maka kita boleh menjangkakan penurunan harga yang selanjutnya ke arah zon sokongan 91.85 dalam dagangan jangka pendek. Indikator MACD masih bergerak di wilayah positif, memihak kepada aliran menaik.
Tahap Rintangan Carta 1H: 93.60 / 93.98 Tahap Sokongan Carta 1H: 92.70 / 91.85 Cadangan Perdagangan untuk Hari Ini: Berdasarkan pada carta 1H, para pedagang disarankan untuk mengambil pesanan menjual (jual) hanya sekiranya Indeks USDX ini berjaya menembusi cartalilin penurunan harga; dengan menetapkan sokongan pada tahap 92.70, take profit pada tahap 91.85 dan stop loss pada tahap 93.53.
Ichimoku indicator analysis of USDX for December 6, 2017
The Dollar index is moving higher as expected. Price briefly broke above cloud resistance yesterday but moved back inside the cloud. Today I expect the Dollar index to confirm the short-term bullish trend by breaking above 93.50.
Black lines - bearish channel (broken) The Dollar index is inside the 4-hour Kumo (cloud). Trend is neutral but price is about to break above the cloud and change to bullish. Price has made an important reversal from our 92.50 target area. We are Dollar bullish looking for a test of November- October highs.
On a weekly basis, the Dollar index is bouncing off the 61.8% Fibonacci retracement. Important resistance is found at 93.90 and next at 94.40. Breaking above these two resistance levels will confirm my view for a move towards the weekly Kumo at 96-97 area. Support is at last week's low. Bulls must hold above that level.
Analisis Harian Indeks USDX untuk 08 Disember, 2017
Indeks USDX meneruskan fasa pemulihan harga di atas tahap rintangan 93.60 dan kini mensasarkan pergerakkan ke arah zon psikologi yang terletak pada tahap 94.00. Fraktal telah dibentuk di antara sesi dagangan Selasa dan Rabu dan ia merupakan indikator bahawa Indeks USDX berkemungkinan besar akan kekal disokong untuk mencapai tahap kritikal yang disebutkan di atas. Indikator MACD memasuki wilayah neutral.
Tahap Rintangan Carta 1H: 93.60 / 93.98 Tahap Sokongan Carta 1H: 92.70 / 91.85 Cadangan Perdagangan untuk Hari Ini: Berdasarkan pada carta 1H, para pedagang disarankan untuk mengambil pesanan menjual (jual) hanya sekiranya Indeks USDX ini berjaya menembusi cartalilin penurunan harga; dengan menetapkan sokongan pada tahap 92.70, take profit pada tahap 91.85 dan stop loss pada tahap 93.53.
Analisis Harian Indeks USDX untuk 13 Disember, 2017
Indeks USDX berjaya mengekalkan struktur kenaikan harga di bawah tahap rintangan 94.00. Tahap harga tersebut perlu ditembusi bagi membolehkan harga diniagakan lebih tinggi ke arah tahap 94.37. Untuk aliran menurun, SMA 200 pada carta 1H menawarkan sokongan yang dinamik dan ia harus membantu memberikan rangsangan kepada Indeks USDX ketika ia diuji. Indikator MACD dilihat masih memihak kepada prospek penurunan harga.
Tahap Rintangan Carta 1H: 94.00 / 94.37 Tahap Sokongan Carta 1H: 93.40 / 92.70 Cadangan Perdagangan untuk Hari Ini: Berdasarkan pada carta 1H, para pedagang disarankan untuk mengambil pesanan menjual (jual) hanya sekiranya Indeks USDX ini berjaya menembusi cartalilin penurunan harga; dengan menetapkan sokongan pada tahap 94.00, take profit pada tahap 94.37 dan stop loss pada tahap 93.73.
