empty
25.08.2020 05:52 AM
USDX Price Movement On August 25, 2020

This image is no longer relevant

If we look at the 4-hour chart of the USD Index, we see USDX is actually moving in a down slope Pitchfork Channel, BUT after the index failed to touch for the second time the Middle line of the down slope Pitchfork, USDX is now moving upward. It looks like it wants to reach the 93.44 level. Although USDX is already moving above the Moving Average, the Stochastic Oscillator now is already at the overbought level. This means there is a potential for USDX to get a turning point to the downside again. If the price goes down and closes below 92.84, that means the upward movement scenario will be automatically cancelled.

(Disclaimer)

Recommended Stories

USD/JPY. Analysis and Forecast

Today's renewed breakout above the 50-day SMA, as well as the move beyond horizontal resistance at 147.50 and the round level of 148.00, favors the bulls. Moreover, oscillators

Irina Yanina 21:12 2025-09-19 UTC+2

EUR/USD. Will the pair's decline continue?

The pair is under pressure not of a fundamental but of a technical nature. After the Fed decided at its meeting to cut the key interest rate by 0.25%

Pati Gani 12:17 2025-09-19 UTC+2

Forecast for EUR/USD on September 19, 2025

On Thursday, the EUR/USD pair consolidated below the 1.1789–1.1802 level by the end of the day. Thus, the decline may continue toward the next Fibonacci level of 76.4% – 1.1695

Samir Klishi 12:00 2025-09-19 UTC+2

Forecast for GBP/USD on September 19, 2025

On the hourly chart, the GBP/USD pair on Thursday consolidated below the support zone of 1.3587–1.3611, which allows for a continued decline of the pound toward the 76.4% retracement level

Samir Klishi 11:52 2025-09-19 UTC+2

GBP/USD. Indicator Analysis on September 19, 2025

On Thursday, the pair moved downward, the 50% level – 1.3528 (red dashed line) – moved upward, closing the daily candle at 1.3551. Today the pair may continue moving downward

Stefan Doll 11:15 2025-09-19 UTC+2

EUR/USD. Indicator Analysis on September 19, 2025

On Thursday, the pair moved downward, the 13-period EMA – 1.1748 (yellow thin line) – moved upward, closing the daily candle at 1.1788. Today the pair may continue moving downward

Stefan Doll 11:12 2025-09-19 UTC+2

EUR/USD Forecast for September 19, 2025

The euro has been gradually retreating from its September 17 high. Typically, after the central bank meetings are over and no new trends have been set, investors shift their focus

Laurie Bailey 04:57 2025-09-19 UTC+2

GBP/USD Forecast for September 19, 2025

The Bank of England held its meeting yesterday, almost exactly in line with expectations, except for the voting: the forecast was 8-1 for holding the rate, but it turned

Laurie Bailey 04:57 2025-09-19 UTC+2

USD/JPY Forecast for September 19, 2025

The USD/JPY pair has spent the past week in a complicated, confusing game with false moves in both directions. The most recent of these was a deep false breakout below

Laurie Bailey 04:57 2025-09-19 UTC+2

XAU/USD. Analysis and Forecast

Gold prices are declining for the second consecutive day from record highs after volatility triggered by the Fed's actions. For the second day in a row, gold prices are retreating

Irina Yanina 20:12 2025-09-18 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.