FX.co ★ #USDX technical analysis for February 25, 2015

The sideways consolidation continues. There is no clear trend or signal yet. Traders should be cautious and better wait for a clear breakout. The resistance at 95 was not broken as the price was not able to break above it yet.

Green line = resistance

Blue line = support

The US 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 have to follow the breakout signal.

Black lines = triangle pattern

The US Dollar index remains inside the triangle pattern. The 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.