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 USDX for December 12, 2016

The Dollar index has broken above the short-term Ichimoku cloud resistance and is trading near its recent highs. Trend remains bullish as long as price is above 99.44 in the short-term and as long as price is above 96 in the long-term.

analytics584e5eff5ee9f.png

Red line - resistance

Blue line -support

Short-term oscillators are overbought and diverging. Resistance is at 101.70-101.80. Support is at 101 for the short-term. Trend will change on a break of last week's low at 99.44. Until then trend remains bullish targeting 102-103.

analytics584e6045a450a.png

Green line -support

Weekly resistance is being tested. Trend remains bullish as long as we trade above last week's low. Breaking below last week's low will push price towards the long-term green trend line support. Target of new highs near 103-104 is still possible as long as we trade above 99.44. The 61.8% long-term Fibonacci retracement from 2001 is very important long-term resistance.

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