InstaForex - Analytics

    InstaForex

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    Daily analysis of USDX for November 26, 2015

    On H1 chart, USDX tried to consolidate again above the 100.00 price zone, but the Index is trying to correct the current rally towards the 200 SMA around the support level of 99.25. If USDX does a rebound above it, then we could see another rally above the 100.24 level in the short term. That moving average is slightly bullish, but MACD indicator is on the negative 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 USD Index breaks with a bullish candlestick; the resistance level is at 99.80, take profit is at 100.24, and stop loss is at 99.37.


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