empty
 
 
29.01.2014 01:52 AM
Daily analysis of USDX for January 29, 2014

Daily chart: The USDX is trying to take again the bullish trend which was missing forming for a couple of weeks. Now, the USDX is heading up to the 200-day moving average, as this is making a breakout in the resistance level of 80.62. However, if the USDX makes a bearish rebound at current levels, it would be expected to fall to the level of 80.11. The MACD indicator is still in negative territory.

This image is no longer relevant

H4 chart: The 200 SMA is serving as the dynamic resistance on the USDX, so we must be prepared to any bearish rebound near this level. However, the USDX is trying to consolidate above this level. If successful, it is expected to rise to the resistance level of 80.83. The MACD indicator is in positive territory, so the bullish consolidation is very possible.

This image is no longer relevant

H1 chart: The USDX has found strong support on the level of 80.59 and now, this is trying to climb to the 200-day moving average, which is close to the resistance level of 80.73. If the USDX makes a breakout at that level, it would be expected to rise to the level of 80.93. Furthermore, if the USDX breaks the support level of 80.59, it's expected to fall to the level of 80.35 . The MACD indicator is in neutral territory.

This image is no longer relevant

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USDX Index breaks with a bearish candlestick; the support level is at 80.59, take profit is at 80.35, and stop loss is at 80.83.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback