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 May 08, 2017

USDX is looking to extend the bearish bias below 99.00, as the index weakened during Friday's session despite good NFP numbers. So far, the next support lies at the 98.42 level, where a breakout should open the doors to test the 97.93 level, while a rebound can produce another visit of the 200 SMA on H1 chart. MACD indicator remains on the negative territory, supporting the downside idea.

USDXH1.png

H1 chart's resistance levels: 98.89 / 99.28

H1 chart's support levels: 98.42 / 97.93

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 98.42, take profit is at 97.93 and stop loss is at 99.24.

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