empty
 
 
24.03.2017 10:08 AM
Daily analysis of USDX for March 24, 2017

USDX is being supported by the 99.66 level in the short-term, with a strong resistance trying to cap gains across the board around 100.15. If we witness a breakout over there, one could expect further advances toward 100.64, where the bullish bias could become the main path for the coming days. MACD indicator is reaching the neutral territory.

This image is no longer relevant

H1 chart's resistance levels: 100.15 / 100.64

H1 chart's support levels: 99.66 / 99.26

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 99.66, take profit is at 99.26 and stop loss is at 100.04.

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