Dollar Index Technical Analysis 2015, November: after NFP - strong bullish

The price is located to be above Ichimoku cloud and Senkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. Price is breaking resistance level at 99.35 from below to above for the bullish breakout with 100.39 as the next bullish target.

W1 price is on primary bullish breakout:

• The price is located to be above Ichimoku cloud/kumo and Senkou Span line (which is the virtual border between the primary bullish and the primary bearish on the chart) for the bullish market condition.
  
• Tenkan-sen line crossed Kijun-sen line of Ichimoku indicator to above which is indicating the primary bullish condition to be continuing.
  
• Chinkou Span line crossed the price from below to above for the breakout to be continuing by direction.
• Nearest key support levels are 93.81 and 86.05.
• Nearest resistance levels are 99.35 and 100.39.
  

MN price is on bullish market condition for the secondary ranging within 100.39 resistance level and 92.62 support level.

If W1 price will break 100.39 resistance level so the primary bullish trend will be continuing.
If W1 price will break 93.81 support level so the reversal to the primary bearish condition will be started with the secondary ranging (the price will be inside Ichimoku cloud/kumo in this case).
If W1 price will break 86.05 support level so the price will be fully reversed to the bearish market condition with a good breakdown possibility.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close W1 price to break 100.39 for possible buy trade
• Recommendation to go short: watch W1 price to break 93.81 support level for possible sell trade
  
• Trading Summary: bullish breakout
  

SUMMARY : bullish
TREND : breakout of key resistance levels within the primary bullish market condition