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 September 12, 2014

Daily chart: The USDX continues moving in the range below the resistance level of 84.29, although the USDX keeps on trying to make a breakout at that level to climb to the resistance level of 85.18. However, this instrument is overbought. The MACD indicator stays in the positive territory.


1410462893_USDXDaily.png

H4 chart: The USDX is strengthening in the bullish trend above the psychological level of 84.00. So, the USDX is trying to make a breakout at the resistance level of 84.47 up to the level of 85.06. However, the USDX could begin to perform corrective movements. The MACD indicator remains in the negative territory.


1410462904_USDXH4.png

H1 chart: The USDX has made a rebound from the level of 84.05, so the USDX is consolidating itself back above the support level of 84.18. Now, the USDX is trying to make a breakout at the resistance level of 84.37. The MACD indicator stays in the positive territory.


1410462911_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 84.18, take profit is at 84.37, and stop loss is at 83.99.


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