Ichimoku cloud indicator analysis of USDX for February 7, 2018

The Dollar index is showing short-term reversal signs. Price has broken out and above the 4-hour Kumo (cloud) resistance. Price is now back testing the cloud support (previous resistance) and is expected to move higher towards 91. The Dollar index has short-term support at 89.60-89.50 which was previous resistance. This is also where the cloud […]