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 November 08, 2016

The index managed to consolidate gains during Monday's session, following the risk aversion that surged after FBI words on Clinton email probe, days before the US elections. At a technical perspective, USDX is trying to rally towards the 98.00 psychological level, where the 200 SMA is also located as a dynamic resistance. If we see a breakout above that zone, then it's likely that attempts advance to the 98.65 level, as the next target to the upside.

USDXH1.png

H1 chart's resistance levels: 98.01 / 98.65

H1 chart's support levels: 97.62 / 97.12

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 97.62, take profit is at 97.12 and stop loss is at 98.12.

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