mql5

Ichimoku analysis.

Daily price is on bullish market condition for the breakdown which was started in the beginning of Dec this year: the price is breaking 98.00 support level to below for the bearish reversal to be started with the secondary ranging condition. Chinkou Span line is breaking the price from above to below for the breakdown to be continuing.



If the price will break 98.00 support on close daily bar so the reversal of the price movement from the primary bulluish to the primary bearish will be started with the secondary ranging: the price will be located inside Ichimoku cloud.
If not so the price will be ranging between the levels.


Pivot Points.

Weekly price is on bullish with the ranging within R2 Pivot at 99.31 and R1 Pivot at 95.23. Ascending triangle pattern was formed by the price to be broken for uptrend with 100.31 resistance level.

Instrument	S1 Pivot	Yearly PP	R1 Pivot	R2 Pivot
DXY	82.99	87.07	95.23	99.31

If the price will break R2 Pivot resistance level at

99.31

on close W1 bar so the primary bullish trend will be continuing.
If not so the price will be ranging between the levels.

Trend:
ranging bullish