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*

Ichimoku cloud indicator analysis of USDX for March 7, 2018

The Dollar index broke below support of 89.80 yesterday and is now testing the lower cloud boundary in the 4-hour chart. Trend has changed from bullish to neutral and is very close to turning bearish.

analytics5a9f98a218700.png

After being rejected at the resistance of the 38% Fibonacci retracement, the Dollar index is making lower lows and lower highs in the 4 hour chart. Price has broken below all short-term support levels we mentioned and is now testing the cloud support. Resistance is at 89.75 and bulls will need to at least break above this level soon.

analytics5a9f98fd960db.png

On a daily basis the Dollar index is trading just above the daily kijun-sen support. Bulls want to see buyers step in now and push the index higher. They do not want to see a daily close below the kijun-sen. With price still below the daily cloud, trend remains bearish. Strong resistance is at 90.40 This is the first important obstacle bulls must overcome. Until then, bears are in control.

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