InstaForex - Analytics

    InstaForex

    699.25 6.25/10
    61% of positive reviews
    Real

    Daily analysis of USDX for April 03, 2015

    The USDX is already doing a pullback below the resistance level at 98.01. The instrument received the US NFP with a low bearish momentum, which is a part of the current corrective move in the overall trend. Also, we could expect a lower continuation towards the support level of 96.60 in the short term. The MACD indicator is still in negative territory.


    USDXDaily.png

    Show full picture


    Today, the USDX consolidated below the 200 SMA on the H1 chart. There is a strong possibility that it can reach the support zone around 97.30 in the very short term. By the way, we stay with the bullish idea for the long term, as the USDX is dealing with the supply zone offered by that moving average at the intraday charts.

    USDXH1.png

    Show full picture

    Daily chart's resistance levels: 98.01 / 99.12Dailychart's support levels: 96.60 / 95.19H1 chart's resistance levels: 97.50 / 97.70H1 chart's support levels: 97.30 / 97.08

    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 97.50, take profit is at 97.70, and stop loss is at 97.30.

    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 or Join us


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