InstaForex - Analytics

    InstaForex

    736.75 6.25/10
    62% of positive reviews
    Real

    Daily analysis of USDX for November 10, 2015

    The USDX is doing some consolidation moves below the resistance level of 99.25, because the index is trying to do another corrective move towards the support zone of 98.31 in coming days. However, we should note the level of 99.25 could get broken very soon, as bullish momentum remains very strong. The 200 SMA in the H1 chart is still bullish calling for another swing higher. The MACD indicator is at the negative territory.

    USDXH1.png

    Show full picture

    H1 chart's resistance levels: 99.25 / 99.80

    H1 chart's support levels: 98.31 / 98.03

    Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the US dollar index breaks with a bullish candlestick; the resistance level is seen at 99.25, take profit is at 99.80, and stop loss is at 98.71.


    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