empty
 
 
01.07.2015 12:15 AM
Daily analysis of USDX for July 01, 2015

The USDX recovered from the losses produced by filling the bullish gap, and now the Index is looking for an opportunity to break the resistance level of 95.74 as we can note on the daily chart. In case success, it would be expected to test the next high at 96.57.

This image is no longer relevant

On the H1 chart, the USDX found dynamic support at 200 SMA and this bullish structure remains very strong, because the Index is forming a higher high pattern above the support level of 95.43. The next upside target is still placed at the level of 95.63. If the USDX does a breakout over there, it would be expected to test the territory of 95.89.

This image is no longer relevant

Daily chart's resistance levels: 95.74 / 96.57

Daily chart's support levels: 94.66 / 93.63

H1 chart's resistance levels: 95.63 / 95.89

H1 chart's support levels: 95.43 / 95.09

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the US Dollar Index breaks with a bullish candlestick; the resistance level is at 95.63, take profit is at 95.89, and stop loss is at 95.36.

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 $1000 more!
    In April we raffle $1000 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