FX.co ★ #USDX Technical analysis for September 8, 2014

The Dollar index remains in a bullish trend and with no sign of a trend reversal. The next upside target will be near 84.50 and 84.90. The Dollar remains strong. The index has most probably finished the sideways consolidation after the big upward spike and a new move higher should be expected.

Support is found at 83.74. Breaking below that level could push the index back towards 83.35. Cloud support is found at 83 and 82.75. Resistance is at 84. In terms of Ichimoku cloud, the 4 hour chart remains fully bullish targeting higher.

The same holds for the daily chart in the Dollar index. Price is trending higher and bulls remain in full control. The next targets are 84.50 and 84.90. More upside is expected as long as price is above 82.60. The red trend line is critical support for the intermediate-term trend.