- Analytics
- Market analysis
- Market Opinions
- Dollar Index
Dollar Index
Technical Analysis
On the daily time frame, it could be noticed that the dollar index may continue to heading down. The fact that the price seems to be out of the cloud and crossing the lines Tekan Sen and Kijun Sen could be a clue to look for potential bear signals.
We could consider looking for potential bear signals if Tekan Sen crosses the Kijun Sen and enters in a "bear formation mode". Furthermore, we could check whether the Chikou Span line is out of the price and heading down.
The Kumo cloud seems to be strong with a spike at the end. Based on the Ichimoku Kinko Hyo guidelines, we might expect that it might continue to be in a bearish mode.
Daily Time Frame
In the 1H time frame, it could be refined a potential development of a bear signal, given that the price touches the Kijun Sen line.
1H time frame
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
