MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

USDX technical analysis for November 11, 2015

The US dollar index intraday bullish flag did not play out as expected despite the breakout. The US dollar has weakened, but it remains inside the bullish channel.

usdx.jpg

Blue lines - bullish channel

The US dollar index reversed yesterday after spiking higher to new short-term highs. The price broke below support at 99 moving lower towards the kijun-sen (yellow indicator) at 98.65. Channel support is found at 98.25 and cloud support is at 97.70.

usdxd.jpg

Green area- resistance area

The US dollar index made an important breakout during the past two weeks. Now it shows signs of a breakout towards new highs. The price bounced off the ichimoku cloud and both kijun- and tenkan-sen are below it trending higher. However, the price has reached the next important resistance area. Bulls need to be very cautious at the current levels and place stops to protect their positions.

The material has been provided by InstaForex Company - www.instaforex.com