07.01.201506:20 Forex Analysis & Reviews: Daily analysis of USDX for January 07, 2015

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.

On the daily chart, the USDX continues to strengthen above the support level of 90.40. But today, we can see that this instrument could enter a phase of consolidation, so it is likely that the USDX will fall to the support level of 90.40 in the medium term to form a higher high pattern and gain momentum until the resistance level of 93.44.

Daily chart's resistance levels: 93.44 / 96.59

Daily chart's support levels: 90.40 / 88.63

It seems that the USDX has managed to get out of the range set between the levels of 91.66 and 91.24. Now, this instrument could start to form a bullish pattern to reach the resistance level of 92.08. If the USDX manages to make a breakout at that level, it would be expected to rise to the level of 92.51 in the short term. The MACD indicator remains in positive territory.

H1 chart's resistance levels: 92.08 / 92.51

H1 chart's support levels: 91.66 / 91.24

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 92.08, take profit is at 92.51, and stop loss is at 91.66.

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.