empty
 
 
18.09.2015 01:03 AM
Daily analysis of USDX for September 18, 2015

On the daily chart, the USDX is reaching the 200 SMA after the Federal Reserve's decision to maintain the interest rates unchanged. The index could break the support level of 94.42 in coming days to reach a fresh low near the support zone of 93.18, which is below the moving average.

This image is no longer relevant

The index is currently moving into a bearish path below the 200 SMA on the H1 chart, with a lower low pattern formation below the resistance level of 94.57. A breakout below the support zone of 94.36 will push the USDX lower until 93.95. The MACD indicator is entering oversold territory, and that is why we could expect some corrective rebounds.

This image is no longer relevant

Daily chart's resistance levels: 95.26 / 95.83

Daily chart's support levels: 94.42 / 93.18

H1 chart's resistance levels: 94.57 / 94.97

H1 chart's support levels: 94.36 / 93.95

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the US Dollar Index breaks with a bearish candlestick; the support level is at 94.36, take profit is at 93.95, and stop loss is at 94.75.

Summary
Urgency
Analytic
InstaForex Analyst
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