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 February 20, 2017

The index performed a rebound around the 100.44 level following another sellers' wave, but it seems that we could expect further bullish moves above the 200 SMA in th H1 chart, targeting the key resistance zone of 101.43. If the USDX makes a breakout over there, the doors will be opened for another rally towards 102.39. Meanwhile, on the downside, we can project the 99.84 level as the next key interest area.

USDXH1.png

H1 chart's resistance levels: 101.43 / 102.38

H1 chart's support levels: 100.44 / 99.84

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 100.44, take profit is at 99.84 and stop loss is at 101.06.

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