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 15, 2016

The index managed to reach the key area of 100.00 as the bulls remain unstoppable in the short-term. A strong resistance can be seen around 100.29, where USDX should make a breakout higher in order to rally towards the 101.74 level across the board. However, if the index starts to do a pullback at the current stage, we can find a support at the 99.62 level.

USDXH1.png

H1 chart's resistance levels: 100.29 / 101.74

H1 chart's support levels: 98.65 / 98.00

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 100.29, take profit is at 101.74 and stop loss is at 98.85.

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