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*

Daily analysis of USDX for June 16, 2016

On the H1 chart, USDX had some declines after the Federal Reserve decided to leave interest rates unchanged this month, and the market reacted with a drop of the US Dollar. However, Yellen's words offered some support to the Index, and it keeps trading above the 200 SMA. If USDX manages to break the 94.68 level again, then it could rally toward the 95.19 level.

USDXH1.png

H1 chart's resistance levels: 94.68 / 95.19

H1 chart's support levels: 94.30 / 94.07

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 94.68, take profit is at 95.19, and stop loss is at 94.16.

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