Trading Support and Resistance

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Forex analysts are forecasting that the US Dollar Index USDX will rise in value. Here's why.

Support: 1.0525, 1.0444, 1.0427, 1.0372Resistance: 1.2624, 1.2698, 1.2726, 1.2772AUD/JPYSupport: 136.47, 134.35, 133.76, 133.39Resistance: 1.2901, 1.2959, 1.3025, 1.

3127Let us see how trading reversals from one of last week’s key levels could have worked out:, as it had previously acted as both support and resistance.the price rejected this level with a, which is often a great time to enter trades in the Forex market. The entry point is marked by the down arrow within the price chart belowbased upon the size of the entry candlestick.

 

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