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US Dollar Index Technical Analysis - US Dollar Index Trading: 2021-05-14
US Dollar Index Technical Analysis Summary
Below 90.31
Sell Stop
Above 90.68
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
US Dollar Index Chart Analysis
US Dollar Index Technical Analysis
The USDIDX technical analysis of the price chart on 1-hour timeframe shows USDIDX: H1 has fallen below the 200-period moving average MA(200) which is declining itself. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 90.31. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 90.68. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Indices - US Dollar Index
US retail sales didn’t change in April when a slower growth was expected. Will the USDIDX retreat persist?
US retail sales didn’t change in April when a slower growth was expected: the Census Bureau reported retail sales did not change in April after 10.7% increase over month in March, when a 1% growth was forecast. This is bearish for USDIDX.
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