Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of USDX for February 20, 2018

parent
Forex Analysis:::2018-02-20T03:40:54

Daily analysis of USDX for February 20, 2018

The index didn't manage to break above the 200 SMA at H1 chart, and it seems we could expect a pullback in order to resume the bearish trend. A fractal was formed around the 89.36 level, making a strong resistance area at the current stage. The next target to the downside is placed at 87.88.

Daily analysis of USDX for February 20, 2018

H1 chart's resistance levels: 90.63 / 91.75

H1 chart's support levels: 89.36 / 87.88

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 89.36, take profit is at 87.88, and stop loss is at 90.81.

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...