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*

Daily analysis of USDX for January 02, 2017

The index ended the year below the negative territory, as it found support around 101.97, where a key demand area is located across the board. However, current moves should be taken as corrective ones, because the overall structure remains pointing to the upside and further gains are expected following New Year Eve's holidays. Next resistance lies at the 102.53 level and MACD indicator is favoring that scenario.

USDXH1.png

H1 chart's resistance levels: 102.53 / 103.15

H1 chart's support levels: 101.97 / 101.40

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 102.53, take profit is at 103.15 and stop loss is at 101.92.

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