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28.06.201709:46 Analisis Forex & Kajian: Ichimoku indicator analysis of USDX for June 28, 2017

Long-term review

Selling pressure in the US dollar index pushed it below the important resistance levels opening the way for a move towards 95-94. The trend is clearly bearish on all time frames.

Exchange Rates 28.06.2017 analysis

Red line - resistance

Blue line - support

Price has broken below the Tenkan- and Kijun-Sen on the daily chart. The index has been forming something like a megaphone for the last few weeks and this provides a support at 95.70. However, I believe that the move that started just below 98 last week is not going to stop there but much lower. The consolidation of the last few weeks is being broken downwards.

Exchange Rates 28.06.2017 analysis

Blue lines - bearish channel

The rejection from the Ichimoku cloud was a stronger bearish signal than the bullish divergence by the RSI(5). The trend remains bearish as a new weekly low is made. We have to wait and see if the RSI indicators provide a new low or a new divergence.

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Alexandros Yfantis,
Analytical expert of InstaSpot
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