InstaForex - Analytics

    InstaForex

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    Daily analysis of USDX for November 25, 2015

    The USDX is still looking for an opportunity to do another push higher above the resistance level in an effort to reach the level of 100.24. The 200 SMA remains below the current price zone, and we should see new highs in coming days. If the USDX does a breakout above the level of 100.24, then we can expect the price to reach the level of 101.01 on a mid-term basis. The MACD indicator is entering the neutral 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 USDX 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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