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 May 1, 2018

The Dollar index remains inside the bullish channel. Trend remains bullish. Our upside targets have been achieved. Price continues to make higher highs and higher lows. There are some warning signs as we noted in our previous analysis but there is no reversal confirmation yet.

analytics5ae8027d92d5b.png

Blue lines - bullish channel

Green line - long-term support

Black line - bearish divergence

The Dollar index has short-term support at 91.70 and next at 91.40. Price is above the 4-hour cloud. Trend remains bullish as long as price is above 90.50. The RSI and the Stochastic are diverging and provide some warning signals to bulls. A pullback is imminent. I prefer to be neutral or slightly bearish at current levels and not bullish. Looking for at least a pullback towards 91.

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