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 June 19, 2017

The Dollar index pulled back towards short-term cloud support and is bouncing. As I have been saying for the last few sessions while the index is around 96.50-97 I remain bullish for a bounce towards 98.50-99. After the bounce we will look to sell again.

analytics594779b37b744.png

Red line - resistance

Blue line - support

The Dollar index pulled back towards cloud support in the 4-hour chart. Only a break above 97.50 will confirm that the long-awaited bounce is starting. The Dollar index has been mainly moving sideways since mid-May. Trend is neutral.

analytics594779eab603e.png

Blue lines - bearish channel

Red line - short-term resistance

The Dollar index has most probably made a short-term low a couple of days ago. Price is showing reversal signs and I still expect the Dollar index to move towards the daily Kumo (cloud) at 98.50-99 area. I remain short-term bullish about the US dollar.

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