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 of the US dollar index for December 19, 2016

Technical outlook and chart setups:

The US dollar index is seen to be carving out its higher wave 3 within 5 waves movement from the lows set on November 9 as depicted here. The index dropped lower to the wave 2 on December 8 and is carving wave 3 at this moment. Furthermore, the index has completed the wave 4 today at 102.50 levels and bounced higher into its potential wave 5 rally. The index is trading at 102.89 levels for now and if the above wave structure holds true, the price is likely to remain above 101.50/60 levels. It looks good to keep long positions around there levels with a risk at 101.50 levels. Immediate short-term support is seen at 102.50 levels, while resistance lies at 103.50.

Trading recommendations:

Stay long for now with the stop at 101.50, targeting 104.00.

Good luck!

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