empty
 
 
18.11.2016 01:00 AM
Daily analysis of USDX for November 18, 2016

USDX remains strongly bullish, as we're not seeing a top in the near term. Currently, it's challenging the 101.00 psychological level, where a breakout should unleash more bullish force towards the 101.74 level. However, if the index manages to do a pullback at the current stage, then we can expect a decline to test the 99.92 level. MACD indicator remains supporting the bullish idea.

This image is no longer relevant

H1 chart's resistance levels: 101.00 / 101.74

H1 chart's support levels: 99.92 / 99.11

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 101.00, take profit is at 101.74 and stop loss is at 100.30.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback