empty
 
 
28.05.2014 07:17 AM
Daily analysis of USDX for May 28, 2014

Daily chart: The USDX remains below the 200-day moving average, but the bullish bias remains intact in the USDX, so it is very likely that the USDX will perform a consolidation above the 200 SMA. However, if the USDX does make a breakout at the support level of 80.11, it's expected to fall to the level of 79.19. The MACD indicator is in the overbought zone.

This image is no longer relevant

H4 chart: The USDX has made a pullback at the level of 80.50, but the USDX remains above the support level of 80.35. If the USDX does make a breakout on the resistance level of 80.60, it's expected to rise to the level of 81.50 in the medium term, where there is a bullish trend line. The MACD indicator is in negative territory.

This image is no longer relevant

H1 chart: The USDX has met resistance above the level of 80.35, but now, the USDX is trying to make a breakout at that level again. If successful, it is expected to rise to the resistance level of 80.60. On the other hand, if the USDX makes a bearish rebound at current levels, it would be expected to fall to the support level of 80.15. The MACD indicator is in negative territory.

This image is no longer relevant

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 80.35, take profit is at 80.59, and stop loss is at 80.10.

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