empty
 
 
24.04.2012 10:53 AM
USD/JPY Wave Analysis for April 24, 2012

This session is bearish for the US dollar, as the FOMC had some dovish words regarding the economy in the United States. On the daily chart, we're currently watching a breakout at the support level of 93.02, which can push the USDX to reach the 93.02 level in the medium term. Don't forget that we're still bullish on this instrument.

This image is no longer relevant

At the session on Wednesday, the USDX failed to get consolidated above the 200 SMA on the H1 chart. Currently, this instrument is trying to fall to the support level of 93.62, but it will happen only when the USDX does a bearish consolidation below the 94.02 level in the coming hours. The MACD indicator is still on the negative territory.

This image is no longer relevant

Daily chart's resistance levels: 94.18 / 95.45

Dailychart's support levels: 93.02 / 92.40

H1 chart's resistance levels: 95.16 / 95.57

H1 chart's support levels: 94.87 / 94.38


Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 94.02, take profit is at 93.62, and stop loss is at 94.42.

Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Alexander Dneprovskiy
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback