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*

Ichimoku indicator analysis of USDX for April 25, 2017

The Dollar index continues to trade above the 99-98.80 support area but the sideways consolidation in the short-term implies that more downside is expected. The downward move is not over but the risk reward does not favor bears.

analytics58ff0321d98f5.png

Blue lines - bearish channel

Short-term support is at 98.80. Resistance is at 99.30-99.50. Price remains in a bearish trend below both the tenkan- and kijun-sen indicators. Price is expected to make new lows towards 98 before it reverses upwards. Short-term indicators are diverging.

analytics58ff0377f1853.png

Red line - resistance

Black line - support

Green line - long-term support trend line

The weekly candle is below both the tenkan- and kijun-sen but above the Kumo (cloud). Trend is bearish as long as price is below 101.30 and the longer-term trend is also in danger if price breaks below the Kumo. If price breaks below the green long-term trend line the chances for a bounce towards the red resistance trend line diminish.

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