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 cloud indicator analysis of USDX for February 12, 2018

The Dollar index made a double top at 90.60 and got rejected. The price, however, still remains above the Ichimoku cloud. Bears will need to break below 89.60 for another leg down towards 87, while bulls need to keep prices above 89.60 and produce a higher low before resuming their upward bounce.

analytics5a8149b566b89.png

The price is above the 4-hour cloud. Short-term trend is bullish. Support is at 90 and at 89.60-89.50. The second support by the Kumo (cloud) is the most important one. We could see a pull back towards that level today or tomorrow. Resistance at 90.60 if broken will push price towards 91-91.50.

analytics5a814a212f678.png

The daily candles in the Dollar index show rejection signs at the important kijun-sen (yellow line indicator) resistance. Support is at the tenkan-sen (red line indicator) at 89.60. A daily close below it will increase the chances that the bounce was short-lived and we are heading to new lows.

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