USDX
The index gave an upside breakout from the ascending triangle and paused its rally at 81 levels (200-week EMA), but was unable to close above or even in a triangle. It closed below the triangle, and closed below the 200-day EMA. Today in Asia's trading session the index opened on a bearish note. The price is facing resistance at 80.43, until the price trades below it, bears will have an upper hand. Bears will completely take the index to their control only below 80.31. They can make 80.17, 80.0, and 79.90 levels.
On an intraday basis, the index will face resistance at 80.37 and 80.51. Traders, sell only below 80.31 for 80.24 and 80.15 levels. Until the pair trades above 80.50 on the downside, 80 and 79.90 are an open target.
Recommendation- Sell below 80.31.
DJIA
In yesterday's trading session the Dow Jones Index gave an upside breakout aiming at new highs. For the new upside target at 18,500 and 18,900, we need to wait for one more week for the confirmation of an ultimate breakout. If the DJIA closes this week above 16,734, it will indicate a new target at 17,956 levels. Please wait patiently for one more week for the safe side.
S&P-
In my previous article, I requested traders to watch for 1,932 levels. Yesterday it crossed and closed above this. This breakout aims at 2,150.80 initally.