Daily analysis of USDX for June 26, 2014
June 26, 2014 6:15 amVideo
Latest News
- Analysis of GBP/USD pair on June 4, 2024 June 4, 2024
- Trading Signal for SILVER (XAG/USD) for June 4-6, 2024: buy above $29.29 (6/8 Murray – 200 EMA) June 4, 2024
- Trading Signal for GOLD (XAU/USD) for June 4-6, buy above $2,337 (21 SMA – 200 EMA) June 4, 2024
- USD/JPY: yen celebrating its triumph June 4, 2024
- Is the equity market headed for a summer rally? – Stock Markets June 4, 2024
- USD/JPY: Simple trading tips for beginner traders on June 4th (US session) June 4, 2024
- GBP/USD: Simple trading tips for beginner traders on June 4th (US Session) June 4, 2024
- Technical Analysis – WTI tumbles below key support of 76.50 June 4, 2024
- EUR/USD: Simple trading tips for beginner traders on June 4th (US Session) June 4, 2024
- GBP/USD: trading plan for the US session on June 4th (analysis of morning deals). The buyers of the pound failed to offer June 4, 2024
- EUR/USD: trading plan for the US session on June 4th (analysis of morning deals). Pressure on the euro gradually returns June 4, 2024
- USD/JPY: Simple trading tips for beginner traders on June 4th. Review of yesterday’s forex trades June 4, 2024
- GBP/USD: Simple trading tips for beginner traders on June 4th. Review of yesterday’s forex trades June 4, 2024
- Technical Analysis – USDJPY plunges below uptrend line June 4, 2024
- EUR/USD: Simple trading tips for beginner traders on June 4th. Review of yesterday’s forex trades June 4, 2024
- Will Canadian employment report shake the market after BoC decision? – Preview June 4, 2024
- EUR/USD. June 4th. Chance favored the bulls again June 4, 2024
- Forecast of GBP/USD pair on June 4, 2024 June 4, 2024
- Volatility ticks up in commodity and stock markets – Volatility Watch June 4, 2024
- Market Comment – Market craves for weaker US data June 4, 2024
Daily chart: The USDX
continues to find support on the level of 80.11, which is located
below the 200 SMA. Now the USDX could perform a bullish rebound above
that level and try to climb up to the resistance level of 80.62. If
the USDX does make a breakout at that level, it would be expected to
rise to the level of 81.50. The MACD indicator is in negative
territory.
H4 chart: The USDX has made a bullish rebound above the
support level of 80.09, while the USDX is trying to make a breakout
at that level, because the USDX is below the 200 SMA. If the USDX makes a breakout at the support level of 79.93, it’s
expected to fall to the level of 79.33. The MACD indicator is in
negative territory.
H1 chart: The USDX is trying to form a bearish pattern
below the 200 SMA and the resistance level of 80.35. If the USDX does
make a breakout at the level of 80.15, it’s expected to fall to the
level of 79.88, which would be a bearish consolidation. The MACD
indicator is moving into positive territory.
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 80.15,
take profit is at
79.88,
and stop loss is at 80.42.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: