US Dollar Index Short term outlook

291 2 3
US Dollar index             has broken neckline of Head and shoulder pattern 97.40 and this confirms short term weakness, a decline till 95.30 (23.6% retracement of 100.39 and 78.90) cannot be ruled out .

On the upside major resistance is around 98.21 and any short term trend reversal can happen only above that level. Break above would extend gains till 98.75/99.15.The minor resistance is around 97.55

US Dollar index             minor support is around 96.75 and break below will drag further down till 96/95.35 in short-term.

Indicator (4 hour chart)

CCI (50) – Sell

Woodies CCI (14) – Sell

Ichimoku- Sell

It is good to sell around 96.85-96.90 for the target of 95.35 with stop around 97.60.

what will happen now, neck line is broken. it will be come up again neck line? what is your comment ?
FxWirePro whynot1977
Neckline break confirms weakness and there is chance of decline till 95.50
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out