Indice Dollaro USA Analisi Tecnica | Indice Dollaro USA Trading: 2016-05-16 | IFCM Italy
IFC Markets Online CFD Broker

Indice Dollaro USA Analisi Tecnica - Indice Dollaro USA Trading: 2016-05-16

Retail sales climb in US

US dollar index hit a fresh 2-week high on Friday on strong economic data. Market participants decided the Fed may hike the interest rates twice this year instead of previously expected one hike. Will the US dollar index continue advancing?

US retail sales rose this April by 1.3% which has become their record increase in more than a year – since March 2015. This is far above the expected rise by 0.8%. The consumer confidence index by Michigan University for May was also above expectations. Since last June it has reached the record high since last June at 95.8 points. On this news some investors revised up the US GDP growth outlook for Q1 from 0.5% to 0.9%. The official data will be released on May 27. The US economy is expected to expand by about 2% in Q2. The probability of the first US interest rate hike on September 21 is 60%. Before the date the US Fed will meet in June and July. The important US inflation data for April will come out next Tuesday. We believe the preliminary forecasts point on further US dollar strengthening.

USDIDX

On the daily chart USDIDX: D1 has left the downtrend to move upwards. It has left the last fractal high, the support line and the 1st Fibonacci retracement. The MACD and Parabolic indicators give signals to buy. RSI has formed positive divergence and has not yet reached the overbought zone. The Bollinger bands have contracted which means lower volatility and are tilted upwards. The bullish momentum may develop in case the US dollar index surpasses the second fractal high and the 2nd Fibonacci retracement at 95.2. This level may serve the point of entry. The initial risk-limit may be placed below the broken support of the downtrend and the last fractal low at 93.6. Having opened the pending order we shall move the stop to the next fractal low following the Parabolic and Bollinger signals. Thus, we are changing the probable profit/loss ratio to the breakeven point. The most risk-averse traders may switch to the 4-hour chart after the trade and place there a stop-loss moving it in the direction of the trade. If the price meets the stop-loss level at 93.6 without reaching the order at 95.2, we recommend cancelling the position: the market sustains internal changes which were not taken into account.

PositionBuy
Buy stopabove 95.2
Stop lossbelow 93.6
IFCM Trading Academy - Nuova era nell'educazione Forex
Supera il tuo corso:
  • Ottieni certificato
trading academy

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

Close support
Call to Skype Call to messenger Call to telegram Call to WhatsApp Call Back