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 February 12, 2015

The bullish road continues to be the main scene on the daily chart, as the USDX is trying to reach the resistance level of 95.45 in the near term. We could expect more high levels to be reached in the coming days, but in a very conservative way, as the USDX could start to perform little corrective moves in order to get into the ride at the 95.45 level.


USDXDaily.png

We could say that the USDX performed a breakout at the 94.87 level successfully. There is a solid bullish structure developing currently, as this instrument could reach very easily the resistance level of 95.16 from the technical viewpoint. If the USDX does a breakout at that level, we could expect more rallies towards the 95.57 level.


USDXH1.png

Daily chart's resistance levels: 95.45 / 96.78


Dailychart's support levels: 94.18 / 93.02


H1 chart's resistance levels: 95.16 / 95.57


H1 chart's support levels: 94.87 / 94.38




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 95.16, take profit is at 95.57, and stop loss is at 94.76.


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