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 December 08, 2016

The index is holding its price action above the support zone of 99.98, where a strong demand area has been established. However, it seems that buyers are losing their momentum in the short term. Eventually, corrective moves could go deeper towards the 99.39 level. If USDX manages to break above 100.68, it can cling towards the 101.74 level.

USDXH1.png

H1 chart's resistance levels: 100.68 / 101.74

H1 chart's support levels: 99.98 / 99.39

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 100.68, take profit is at 101.74 and stop loss is at 99.59.

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