Ichimoku indicator analysis of USDX for May 12, 2017

The Dollar index is trading sideways. Price is still around the 38% Fibonacci resistance area, while the oscillators work off the overbought signals. We could see a pullback to 99 before more upside. Red line – resistance (broken) Price is trading above the 4-hour Kumo but below the tenkan-sen (red line indicator). We could see […]