World Stock Indexes

jueves, 13 de agosto de 2015

Dollar Index Remains Weak

Dollar Index Remains Weak

By ForexAug 12, 2015 02:08PM GMT

http://www.investing.com/analysis/the-dollar-index-remains-weak-261450

The Dollar Index returned to 96.40 points on Wednesday. We consider that with the break below the actual lows at ​​$95-96 we will see further weakness looking forward to attack lower areas targeting below the 200-day moving average at 94.50 and 93.10-93.30 points within the previous lows zone.
Resultado de imagen para dollar indexThe market doesn’t show signs of strength, so we still expect further losses towards more depressed forward values at $92-92.50, at least. To postpone any further selloff we should see immediate bullish reactions above $97.50-97.80 and $98.50 later and only with a break above those resistance will we suggest a new bullish rally back to the previous highs at 100.70 points and even more ambitious forward values.
Given the lack of an incomplete medium term adjustment structure, we remain cautious until the index doesn’t shows signs of strength and chances of further selloff will remain alive towards lower areas. Only with the break above the mentioned resistance we can speculate with new hikes to higher areas.
DXC1 Chart