Quick Technical Overview - Dollar Index: ranging within Central Pivot and R2 Pivot
12 October 2015, 12:11
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Weekly price is on bullish market condition for ranging between Central Pivot at 87.07 and R2 Pivot at 99.31. The price is breaking R1 Pivot at 95.23 from above to below and from below to above for the ranging condition.
- The price is ranging within Central Pivot at 87.07 and R2 Pivot at 99.31.
- Symmetric triangle pattern was formed to be crossed for direction.
- The nearest resistance levels are 98.33 and R2 Pivot at 99.31.
- The nearest support levels are 92.62 and Central Pivot at 87.07.
| Instrument | S1 Pivot | Yearly PP | R1 Pivot | R2 Pivot |
|---|---|---|---|---|
| DXY |
82.99 |
87.07 | 95.23 | 99.31 |
If W1 price will break R2 Pivot at 99.31 from below to above on close W1 bar so the primary bullish trend will be continuing.
If W1 price will break Central Pivot at 87.07 from above to below so we may see the reversal of the price movement to the primary bearish market condition.
If not so the price will be ranging between the levels.
Trend:
