View Single Post
Old 01-22-2016, 07:43 AM
InstaForex Gertrude InstaForex Gertrude is offline
Join Date: Oct 2015
Posts: 51
Daily analysis of USDX for January 22, 2016

The USDX had a very volatile session on Thursday, as the index did a strong pullback after a bullish momentum gained above the 200 SMA on the H1 chart. However, the moving average is still acting as dynamic support and a push higher could move the index to the level of 100.00 in order to test it in a mid-term term. The MACD indicator is in the negative territory.

H1 chart's resistance levels: 99.22 / 99.49
H1 chart's support levels: 98.79 / 98.39

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USDX breaks with a bullish candlestick; the resistance level is seen at 99.22, take profit is at 99.49, and stop loss is at 98.94.

More analysis - at
Reply With Quote