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 January 08, 2016

USDX is currently trading into a very strong intraday bearish bias, after a decline held since the start of yesterday's Asian session. The uncertainty around the world regarding geo-political topics are on the floor and producing a kind of risk aversion on most of the trading assets. We can expect a strong bottom to be found around the 98.10 level. MACD indicator is at negative territory.

USDXH1.png

H1 chart's resistance levels: 98.39 / 98.79

H1 chart's support levels: 98.10 / 97.82

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 98.39, take profit is at 98.79, and stop loss is at 97.99.

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