Quick Technical Overview - Dollar Index: ascending triangle pattern to be broken for the bullish
30 October 2015, 18:11
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Weekly price is on bullish market condition for ranging between R1 Pivot at 95.23 and R2 Pivot at 99.31. The price is breaking 97.20 resistance level for R2 Pivot at 99.31 as a next bullish target. Ascending triangle pattern was formed by the price for the bullish trend to be continuing.
| Instrument | S1 Pivot | Yearly PP | R1 Pivot | R2 Pivot |
|---|---|---|---|---|
| DXY |
82.99 |
87.07 |
95.23 | 99.31 |
If W1 price will break R1 Pivot at 95.23 on close W1 bar so we may see the secondary correction within the primary bearish market condition.
If W1 price will break R2 Pivot at 99.31 from below to above so the bullish trend will be
continuing.
If not so the price will be ranging between the levels.
Trend:
