MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Daily analysis of USDX for August 22, 2014

Daily chart: The USDX is trying to form a bullish pattern above the level of 82.00, so the USDX could soon climb to the resistance level of 82.51. The USDX could begin to enter a phase of consolidation, due to which this instrument is overbought. The MACD indicator stays in positive territory.


1408661905_USDXDaily.png

H4 chart: The USDX has found resistance in bullish trend line which is near to the 82.40 level, so the USDX is forming a bullish pattern. However, the USDX could perform a pullback at current levels and falling to the support level of 81.72. The MACD indicator is in overbought zone.


1408661913_USDXH4.png

H1 chart: The USDX has found resistance at the level of 81.32, where this instrument has formed two Fractals, so the USDX is trying to find support at the level of 82.02. If the USDX manages to make a breakout at that level, it would be expected to falls to the support level of 81.73. The MACD indicator remains in negative territory.


1408661919_USDXH1.png


Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 82.32, take profit is at 82.50, and stop loss is at 82.15.


The material has been provided by InstaForex Company - www.instaforex.com