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*

Technical analysis for USDX for February 27, 2019

The Dollar index has stopped its decline at important short-term Fibonacci retracement level. If we see a new upward move with higher highs and higher lows from the current levels, we should then expect another run higher towards 97 for the big test.

analytics5c76a982ca1cf.png

Orange rectangle - major resistance area

Blue line - short-term trend line support

The Dollar index is making higher highs and higher lows holding above the blue trend line support. Price has stopped the decline at the 61.8% Fibonacci level and there are high chances of making a bounce from current levels. Major resistance remains at the orange rectangle area. To reach that level we first need to see a break above the short-term resistance of 96.75. Breaking above the orange rectangle will open the way for a move to 100. Support at 95.50 is critical for bulls as a break below it will open the way for a deeper decline towards 94-93.

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