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*

USDX technical analysis for November 10, 2015

The US dollar index remains in a bullish trend and might be forming a short-term bullish flag that could push the price towards the level of 100. The trend is clearly bullish in the medium term, but we are moving sideways in an intraday perspective.

usdx.jpg

Green line - support

Blue lines - bullish channel

Red lines - bullish flag pattern and projection

The US dollar index is inside a bullish channel and above the Ichimoku cloud. In the short-term, it has formed a bullish flag. Breaking above 99.30 will signal the breakout of the flag pushing the index towards 100 and the upper channel boundaries.

usdxd.jpg

Red line - resistance (broken)

The weekly chart remains bullish after the breakout above the resistance trend line. The price is above the weekly cloud, but we are approaching our 2014 highs and this is important resistance. Bulls need to be cautious, but they are still in control of the long- and short-term trend.

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