InstaForex - Analytics

InstaForex

696.00 6.50/10
61% of positive reviews
Real

Daily analysis of USDX for May 19, 2015

The USDX had a bullish momentum during yesterday's session, because the index is currently trading above the support level of 93.95 looking to reach the psycological zone of 95.00 in the medium term.. We should take this move as corrective, because the USDX has been trading lower for several weeks.

USDXDaily.png

Show full picture



The short-term outlook is advising a possible bullish consolidation above the 200 SMA om the H1 chart. We can observe a higher high pattern above the support level of 93.85 now. If the USDX breaks the resistance level of 94.70, it would be expected to rise until 95.18, a high which hasn't been visited for two weeks. The MACD indicator is in the overbought territory.

USDXH1.png

Show full picture



Daily chart's resistance levelsDailychart's support levelsH1 chart's resistance levelsH1 chart's support levels

Trading recommendations for today


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