InstaForex - Analytics

    InstaForex

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    Daily analysis of USDX for November 27, 2015

    The USDX is still following the bullish structure above the SMA 200, as the index will look to rally towards the resistance level of 100.24 in coming days. On the H1 chart, we should note the current pressure, which surrounds the price zone around 100.00 and if a pullback happens at a current stage, then we will see a fall towards the support level of 99.25. The MACD indicator is at 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 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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