Daily analysis of USDX for March 14, 2013
March 14, 2014 6:05 amVideo
Latest News
- GBP/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- EUR/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- GBP/USD: trading plan for the US session on April 22nd (analysis of morning deals). The pound continues to fall April 22, 2024
- EUR/USD: trading plan for the US session on April 22nd (analysis of morning deals). The euro will continue trading within April 22, 2024
- EUR/USD. April 22nd. Christine Lagarde’s speech will set the tone for the week April 22, 2024
- Technical Analysis – EURGBP brings bullish scenario back to the table April 22, 2024
- GBP/USD. April 22nd. The bulls continue to retreat April 22, 2024
- Can Australian CPI data lift the struggling aussie? – Preview April 22, 2024
- Meta reports Q1 earnings after new AI model – Stock markets April 22, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and US dollar index on April 22, 2024
- Technical Analysis – GBPUSD tumbles to 5-month low April 22, 2024
- Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 22nd April 22, 2024
- Video market update for April 22, 2024 April 22, 2024
- Weekly Technical Outlook: 22/04/2024 – Dollar index, USDJPY, EURUSD April 22, 2024
- Market Comment – Risk appetite returns as geopolitical fears calm April 22, 2024
- Weekly Technical Outlook – Dollar index, USDJPY, EURUSD April 22, 2024
- Forex forecast 04/22/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga April 22, 2024
- USD/JPY: trading tips for beginners for European session on April 22 April 22, 2024
- Technical Analysis – EURUSD consolidates after decline pauses April 22, 2024
- GBP/USD: trading tips for beginners for European session on April 22 April 22, 2024
Daily chart: The USDX
continues bearish patterns forming below the resistance level of
80.11. Now, the USDX is trying to fall to the support level of 79.19,
and almost succeeded when fell to the level of
79.25. However, if the USDX makes a bullish rebound at current
levels, it is expected to rise to the resistance level of 80.11. The
MACD indicator is in negative territory.
H4 chart: The USDX found support near the 79.32 level. For
now, the USDX remains below the resistance level of 79.69. If the
USDX does make a breakout at that level, it would be expected to rise to
the level of 79.81. On the other hand, if the USDX does make a
breakout at the support level of 79.32, it’s expected to fall to the
level of 78.85. The MACD indicator is oversold.
H1 chart: The USDX made a bullish rebound above the support
level of 79.39 and now the USDX is again trying to break the
resistance level of 79.64. If successful, it is expected to rise to
the level of 79.8, which is above the 200 SMA. On the other hand, if
the USDX makes a bearish rebound at current levels, it would be expected
to fall to the level of 79.39. The MACD indicator is in positive
territory.
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 79.64,
take profit is at
79.88,
and stop loss is at 79.41.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: