InstaForex - Analytics

    InstaForex

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    Daily analysis of USDX for November 23, 2015

    On the H1 chart, the USDX recovered from its losses held during the last week, because the index is looking for an opportunity to break the resistance level of 99.80, and we should pay a close attention to that price zone as it could unleash the bullish force in the short and medium-term. If that happens, then we can expect a rally towards the level of 100.24. The MACD indicator is at the positive territory.

    USDXH1.png

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    H1 chart's resistance levels: 99.80 / 100.24

    H1 chart's support levels: 99.25 / 98.82

    Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USDI breaks with a bullish candlestick; the resistance level is seen at 99.80, take profit is at 100.24, and stop loss is at 99.37.


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