empty
 
 
19.03.2014 04:08 AM
Daily analysis of USDX for March 19, 2014

Daily chart: USDX continues bearish movements, so the next target for USDX would be the support level of 79.19. If the USDX makes a breakout at that level, it would be expected to fall to the level of 78.12. On the other hand, if the USDX makes a bullish rebound at the support level, it is expected to rise to the level of 79.70. The MACD indicator is in negative territory.

This image is no longer relevant

H4 chart: The USDX remains below the resistance level of 79.69, and still the USDX continues to find support at the 79.32 level. It is very likely that this is the indicator of a change in trend, as this support is growing stronger. However, it is expected to fall to the level of 78.65 if the USDX makes a breakout at that level. The MACD indicator is in positive territory.

This image is no longer relevant

H1 chart: The USDX is trying to consolidate below the 79.39 level. If the USDX does form a bearish pattern below this level, it would be expected to fall to the level of 79.13. However, the USDX is showing signs of recovery, it would not be surprising to see the USDX attempt to climb to the resistance level of 79.64. The MACD indicator is in negative territory.

This image is no longer relevant

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 79.39, take profit is at 79.13, and stop loss is at 79.64.

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