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 21, 2017

The index is moving inside a range and capped by the 200 SMA. Also, price action remains supported by the 93.55 level, where bulls are trying to push higher the US Dollar index in order to consolidate above the moving average. If a breakout happens over there, we can expect a rally towards the 94.60 level. MACD indicator is still in favor of the bears.

USDXH1.png

H1 chart's resistance levels: 93.98 / 94.60

H1 chart's support levels: 93.55 / 93.12

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 93.55, take profit is at 93.12 and stop loss is at 93.97.

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