InstaForex - Analytics

InstaForex

719.00 6.50/10
61% of positive reviews
Real

Daily analysis of USDX for February 09, 2015

The USDX recovered above the support level of 94.18 and still remains alive on the higher high pattern's formation. The resistance level of 95.45 continues to be the nearest target on the upside road. Also, the USDX could make a breakout on that area in order to rise until the next resistance level of 96.78, as we can see it on the daily chart.

USDXDaily.png

Show full picture

The intraday outlook for this instrument is very bullish, as the USDX did a strong rebound close to the level of 93.35, which was below the 200 SMA. Now, the USDX could start to form a higher high pattern below the resistance level of 94.87. If the USDX makes a breakout at that level, bulls could still hold the upper hand to the resistance level of 95.16.

USDXH1.png

Show full picture
Daily chart's resistance levels: 95.45 / 96.78 Dailychart's support levels: 94.18 / 93.02 H1 chart's resistance levels: 94.87 / 95.16 H1 chart's support levels: 94.38 / 93.94
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 94.87, take profit is at 95.16, and stop loss is at 94.58.

Felipe Erazo neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

Uitgevoerd door, Analytische expert
InstaForex Group © 2007-2015


To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree