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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
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