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 November 28, 2017

The Dollar index as expected is bouncing and reversing its course off the 61.8% Fibonacci retracement and the 92.50 level which was our target. I believe that we are now in the early stages of the next upward move towards 97. Worst case scenario for bulls would be a shallow bounce towards 94 and a rejection.

analytics5a1d169244c6a.png

Black lines - bearish channel

The Dollar index is in a bearish trend as long as the price is below the 4 hour Kumo and inside the bearish channel. Short-term resistance is at 93.25 and next at 93.85. Support is at 92.75. Since yesterday price is showing reversal signs. A minimum bounce towards 93.80 is expected. However, my primary scenario is a bigger bounce to new highs above 95.

analytics5a1d1707d7c6c.png

The Dollar index is reversing off the 61.8% Fibonacci retracement. I believe a major low is in place and we should expect Dollar strength to push the index above the October highs towards the weekly Kumo (cloud) resistance around 97. However, a rejection at the 94-94.50 area will be a very bearish sign. The longer-term trend remains bearish.The material has been provided by InstaForex Company - www.instaforex.com