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*

Technical analysis of USDX for April 11, 2016

The Dollar index remains in a bearish trend but this trend is soon to end and reverse upwards as there are many divergence signs. Dollar bears should be very cautious as the 94 price level is heavily defended by dollar bulls.

analytics570b4f8509fa0.jpg

Red line - resistance

Black lines - divergence signs

The Dollar index continues to make lower lows and lower highs. The price remains below the Kumo (cloud) resistance. The RSI and stochastic oscillator, though, do not make new lower lows despite the lower lows by the Dollar index. This is a warning for dollar bears. I prefer to be neutral or long in the Dollar index at the current levels. Important resistance for the short-term is at 94.70.

analytics570b4ff4c44e9.jpg

The daily chart remains in a bearish trend but with oscillators oversold, we should soon see an upward reversal. The downside is limited to 93 while a break above 95.25 will confirm the bullish reversal with the minimum upside target of 96.20.The material has been provided by InstaForex Company - www.instaforex.com