Daily analysis of USDX for March 25, 2014
March 25, 2014 5:25 amVideo
Latest News
- Video market update for May 09, 2024 May 9, 2024
- Analysis of EUR/USD pair on May 9th. Euro woke up after the Bank of England meeting May 9, 2024
- Analysis of GBP/USD pair on May 9th. Andrew Bailey did all he could May 9, 2024
- USD/JPY: Simple trading tips for novice traders for May 9th (US session) May 9, 2024
- GBP/USD: Simple trading tips for novice traders for May 9th (US session) May 9, 2024
- EUR/USD: Simple trading tips for novice traders for May 9th (US session) May 9, 2024
- Technical Analysis – GBPUSD retreats further after BoE’s decision May 9, 2024
- Technical Analysis – UK 100 index swings to all-time high May 9, 2024
- GBP/USD: trading plan for the US session on May 9th (analysis of morning deals). The pound continues to be held within the May 9, 2024
- EUR/USD: trading plan for the US session on May 9th (analysis of morning deals). The euro rebounded from 1.0726 May 9, 2024
- EUR/USD. May 9th. Bulls have exhausted their strength May 9, 2024
- GBP/USD. May 9th. Bulls fear Bailey’s “soft” rhetoric May 9, 2024
- Midweek Technical Look – EURUSD, Gold, US 500 May 9, 2024
- Technical Analysis – EURCHF flirts with uptrend line May 9, 2024
- Technical Analysis – EURGBP runs out of steam near 0.8600 May 9, 2024
- Forex forecast 05/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin from Sebastian Seliga May 9, 2024
- USD/JPY: trading tips for beginners for European session on May 9 May 9, 2024
- Technical Analysis – USDJPY advances after bouncing off 50-day SMA May 9, 2024
- Market Comment – Pound slides ahead of Bank of England decision May 9, 2024
- Technical Analysis – NZDUSD bulls face strong resistance May 9, 2024
Daily chart: The USDX has
found strong resistance at the 80.11 level, and now the USDX is trying
to make a corrective movement towards the bullish trend. If the USDX does
make a breakout at the support level of 79.50, it’s expected to fall
to the level of 79.19. On the other hand, if the USDX does make a
breakout at the level of 80.11, it’s expected to rise to 200 SMA. The
MACD indicator is in positive territory.
H4 chart: The USDX remains below the 200 SMA, but it is very
likely that USDX will do more falls below this level, and find resistance
at the level of 80.15. However, if the USDX does make a breakout at
that level, it would be expected to rise to the resistance level of
80.44. The MACD indicator is in negative territory.
H1 chart: The USDX has made a bullish rebound above the 200
SMA and the support level of 79.88. If the USDX manages to
consolidate above the 80.15 level, it is expected to rise to the
level of 80.35, which would strengthen the bullish bias on the USDX.
On the other hand, if the USDX manages to make a consolidation below
the 79.88 level, it would be expected to fall to the level of 79.64. The
MACD indicator is entering oversold zone.
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.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: