17.09.201406:35 Forex Analysis & Reviews: Daily analysis of USDX for September 17, 2014

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Daily chart: The USDX continues trying to form a bullish pattern below the strong resistance level of 84.29. Now, the USDX could fall to the support level of 83.74 in the next few days, because this instrument is performing corrective movements in this chart. The MACD indicator is in the overbought zone and negative territory.

H4 chart: This instrument has formed a bearish pattern below the trend line at the 84.35 level and now the USDX could make a drop to the level of 83.75. If the USDX does make a breakout at that level, the next target would be the support level of 82.95, where the 200 SMA is. The MACD is in negative territory.

H1 chart: The USDX has made a rebound on the 200-day moving average on this chart; so far, the USDX is trying to make a breakout on the resistance level of 84.18. If successful, it is expected to rise to the level of 84.37 in the short term. On the other hand, if the USDX makes a pullback at current levels, it would be expected to fall to the level of 83.73.

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 84.18, take profit is at 84.37, and stop loss is at 83.99.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.