Index is Struggling to Breach the Confluence Resistance

FX:USDOLLAR   Dow Jones FXCM Dollar Index
18 0 0
Index has again found support by the Yearly R1 and
is challenging the confluence resistance around 12000
(Weekly and Monthly PP, Kumocloud and Kijun Sen)
Look for a candle close above 12025 for more conviction
to the upside. A breaching of Weekly R1 and the descending
channel and a taking out of previous high at 12085 may
be the beginning of another larger leg up. A failure at
current levels (Kumocloud and Weekly PP) will likely lead
to a test of previous low and Yearly R1 again. If that level
fails to support Monthly S1 is in play around 11870.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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