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 May 19, 2016

The Dollar index has reached my 95.20 target and resistance and has paused its rise. After the FOMC minutes announced yesterday, hopes for a June hike in US rates have pushed the Dollar higher.

analytics573d60009782e.jpg

The price is above the Kumo and with a recent cross of the kijun-sen (yellow indicator) by the tenkan-sen (red line indicator), we have a confirmation of this bullish signal as the prices continue to make higher highs and higher lows. Support is at 94.90-94.75. If broken, the cloud will be tested.

analytics573d606d03d45.jpg

The weekly bullish reversal pattern was so strong that the price is heading directly to the upper cloud boundary with no significant pullback. The trend is bullish for the short term, but for the longer term the price remains trapped inside the sideways range. The stochastic oscillator implies that a new upward move has started, capable to push the index to new highs.The material has been provided by InstaForex Company - www.instaforex.com