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US Dollar Index1H (28.JULY.2015) TECHNICAL ANALYSIS TRAINING
US Dollar Index 1H Diagram Technical Analysis seems as following:
The index has declined under all the SMA(30,50,100,200) and it is under the KUMO and the Kijun Sen.
It has a special pattern of Head & Shoulders that shows a neckline @11990.
If it breaches this level then the next target could be @ [11990 - (12060-11990)] = 11920.
Stop loss in the KUMO.
Good luck. (Weak Dollar & S&P500 --> strong XAUUSD)
The index has declined under all the SMA(30,50,100,200) and it is under the KUMO and the Kijun Sen.
It has a special pattern of Head & Shoulders that shows a neckline @11990.
If it breaches this level then the next target could be @ [11990 - (12060-11990)] = 11920.
Stop loss in the KUMO.
Good luck. (Weak Dollar & S&P500 --> strong XAUUSD)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.