The dollar bulls fixed long positions after the quotations rapid growth

April 16, 2015

General overview
The dollar bulls fixed long positions after the quotations rapid growth – we have seen a rebound from the psychological level of 100.00 within the dollar index basket (USDX) for two consecutive trading days.
The debt market dynamics indicates the neutral background and taking into account the fact that the British pound has corrected from the Monday minimum values - we can expect quotations stabilization.
The beginning of the trading week was on the positive note. Due to the formed correction buyers have broken through the resistance level of 1.4800.
The price is finding the first support at 1.4800, the next one is 1.4650. The price is finding the first resistance at 1.4920, the next one is at 1.5015.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a downward movement and form a “Golden Cross”. The downward movement will be until the price is under the Cloud.
The MACD histogram is in a neutral territory. The price is correcting.

Trading recommendations
The potential growth target is the resistance level of 1.4920.

Publication source
Fort Financial Services information  Fort Financial Services reviews

January 20, 2017
Advance in inflation across the Eurozone
Euro holds gains against the US Dollar ahead of the ECB rate decision, as majority of economists expect no major updates in the policy, while investors will be taking stock of Draghi rhetoric’s to foresee the timeframe of the next big move by the policymakers...
January 20, 2017
US oil inventory draw gave a temporally support for oil prices
Oil prices remained in red figures after Wednesday's bearish acceleration. Brent a little changed on the day and remained prone to more weakness on Thursday. The benchmark stayed neutral around 54.50 dollars per barrel flirting with the level during the European session...
January 20, 2017
Pound gives up gains
The British pound has pulled back sharply today after making its biggest 1day gain in nearly 20 years’ yesterday, as fears once again crept in about where Brexit will lead to...

Tickmill Rating
Grand Capital Rating
OANDA Rating
EXNESS Rating
FIBO Group Rating
Fort Financial Services Rating

Empire Option Rating
Binary.com Rating
Porter Finance Rating
First Binary Option Service Rating
Migesco Rating
Binary Brokerz Rating