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*

USDX technical analysis for September 8, 2015

The US Dollar Index was rejected at the trend line resistance I showed in yesterday's analysis and pushed towards cloud support at 95.70. If the Dollar index breaks below the 95.60 support we should expect a push even lower towards 95. Otherwise, resistance at 96.40 is going to be tested.

usdx.jpg

Green line - resistance

The US Dollar Index is trading above the cloud support and below the Green trend-line resistance. We have seen an initial rejection from the resistance trend line and a pullback towards cloud support that has held for now. I believe, it is more probable to continue lower towards 95 but if we breakout above the green trend-line, then the shallow correction will be completed and a new upward move will start.

usdxd.jpg

Red line - resistance

Green line - support

The weekly chart remains inside the bullish flag trading range. The rice is still above the Ichimoku cloud but below the weekly kijun-sen (yellow line) resistance. Weekly support is found at 94.50-94. Resistance is seen at 97.80. I remain neutral waiting for an opportunity to get a signal from the direction of the breakout.

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