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 02, 2017

USDX is in a corrective phase in the short-term and awaits to test the 200 SMA at H1 chart. Further gains are expected to take place during this week, as the price action doesn't give any hints of bearish continuation. However, if it manages to consolidate below the 200 SMA at H1 chart, we can expect a decline towards the support level of 91.67.

USDXH1.png

H1 chart's resistance levels: 93.09 / 94.04

H1 chart's support levels: 91.67 / 90.30

Trading recommendations for today: Based on the H1 chart, place bull (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 93.09, take profit is at 94.04 and stop loss is at 92.15.

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