Instaforex Analysis

[InstaForex Gertrude]

Daily analysis of USDX for December 20, 2016

On Monday USDX was supported by the 102.56 level - a strong demand zone across the board which should help to boost buyers in coming days ahead of Christmas. The next key resistance is still placed at the 103.98 level. If the index plunges below the 102.56 mark, it can reach the support area of 101.40, which is below the 200 SMA on the H1 chart.

H1 chart's resistance levels: 103.98 / 104.69
H1 chart's support levels: 102.56 / 101.40

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 103.98, take profit is at 104.69 and stop loss is at 103.26.

News are provided by InstaForex

[IFX Yvonne]

Technical analysis of EUR/USD for Dec 21, 2016



When the European market opens, some economic data will be released such as consumer confidence index and Belgian NBB business climate index. The US will also publish some reports such as crude oil inventories and existing home sales. Therefore, amid the reports EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.0439.
Strong Resistance:1.0433.
Original Resistance: 1.0423.
Inner Sell Area: 1.0413.
Target Inner Area: 1.0389.
Inner Buy Area: 1.0365.
Original Support: 1.0355.
Strong Support: 1.0345.
Breakout SELL Level: 1.0339.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

InstaForex analytical reviews will make you fully aware of market trends!
Being an InstaForex client, you are provided with a large number of free services for efficient trading.


More analysis - at instaforex.com

[IFX Yvonne]

Technical analysis of EUR/USD for Dec 21, 2016



When the European market opens, some economic data will be released such as consumer confidence index and Belgian NBB business climate index. The US will also publish some reports such as crude oil inventories and existing home sales. Therefore, amid the reports EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.0439.
Strong Resistance:1.0433.
Original Resistance: 1.0423.
Inner Sell Area: 1.0413.
Target Inner Area: 1.0389.
Inner Buy Area: 1.0365.
Original Support: 1.0355.
Strong Support: 1.0345.
Breakout SELL Level: 1.0339.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

InstaForex analytical reviews will make you fully aware of market trends!
Being an InstaForex client, you are provided with a large number of free services for efficient trading.


More analysis - at instaforex.com