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 October 27, 2016

The index had a bearish day on Wednesday and it's being supported by the 98.53 level. Around that zone, USDX may gain some momentum in order to rally towards the 99.19 level. If we see a breakout higher there, then a rally to the 99.70 level is highly expected, while a downside continuation can drive the USDX to test the 98.01 level, which is also below the 200 SMA.

USDXH1.png

H1 chart's resistance levels: 99.19 / 99.70

H1 chart's support levels: 98.53 / 98.01

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 99.19, take profit is at 99.70 and stop loss is at 98.68.

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