The sideways consolidation continues. No clear trend or signal yet. Traders should be cautious and better wait for a clear break out. Resistance at 95 was not broken as price was not able to break above it yet another day.
Green line = resistance
Blue line = support
The Dollar index continues to trade within the trading range between 95.25 and 93.40. There is still no clear trend. The index is trading around the Ichimoku cloud and I believe that soon we should see a new trend start. This consolidation will soon end and traders will then have to follow the break out signal.
Black lines = triangle pattern
The Dollar index remains inside the triangle pattern. Price is below the tenkan-sen and above the kijun-sen. Soon we will see a triangle breakout. The triangle boundaries are at 95 and at 94.Until we see a breakout, I remain neutral. The longer-term trend remains bullish.
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