Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of USDX for March 16, 2017

parent
Forex Analysis:::2017-03-15T21:26:56

Daily analysis of USDX for March 16, 2017

USDX plunged to test the 100.60 level across the board after FOMC's decision to raise rates by first time in 2017. That bearish move is putting pressure on the index for the short-term, as traders are trying to decide which would be the next path for US Dollar. If a breakout happens below 100.44, then it can reach the 99.91 level.

Daily analysis of USDX for March 16, 2017

H1 chart's resistance levels: 101.53 / 102.39

H1 chart's support levels: 100.44 / 99.91

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 102.39, take profit is at 103.40 and stop loss is at 100.68.

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...