US dollar index - Strong Resistance Level signal shown
The US Index has been going up the past few months and has finally given out its resistance level signal of 2-3 upper shadow lines shown on the graph.
Over the past 2 weeks it has been consolidate in a range between approximately 94.60 to 95.50. The longer it consolidates, once it breaks through either resistance or support level, the further it will go in that direction.
We are looking more towards a downward trend for the US Dollar.
The signal shows that there is a strong resistance level near 94.90 and support level of approximately 93.90. If 93.90 breakthrough totally, there will be a further drop for the US Dollar.
Over the past 2 weeks it has been consolidate in a range between approximately 94.60 to 95.50. The longer it consolidates, once it breaks through either resistance or support level, the further it will go in that direction.
We are looking more towards a downward trend for the US Dollar.
The signal shows that there is a strong resistance level near 94.90 and support level of approximately 93.90. If 93.90 breakthrough totally, there will be a further drop for the US Dollar.