Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: DASH/USD holds above 200-DMA, close above could see further upside

  • DASH/USD extends bounce from 3-month lows at 376 levels, edges above 200-DMA.
     
  • Intraday charts show some upside, price action has edges above major EMAs on hourly charts.
     
  • Technical studies are bullish on 1H charts. We see scope for further upside.
     
  • On daily charts, technical indicators are turning bullish. RSI and stochs have rolled over from oversold levels.
     
  • We see stiff resistance at trendline at 580 levels. Breakout could propel the pair higher.
     
  • Price break above resistance at 580 (trendline) could see test of 670 (23.6% Fib retrace of 1625 to 376.047 fall) ahead of 20-DMA at 685.
     
  • On the flipside, retrace and close below 200-DMA could see re-test of 400 levels.

Support levels - 516 (5-DMA), 521 (200-DMA), 408 (88.6% Fib retrace of 252 to 1625 rally), 310 (Nov 12 low)

Resistance levels - 580 (trendline), 670 (23.6% Fib retrace of 1625 to 376.047 fall), 685 (20-DMA)

Call update: Our previous call (https://www.econotimes.com/FxWirePro-DASH-USD-breaks-above-5-DMA-could-see-minor-upside-till-600-1137419) is progressing well.

Recommendation: Hold for targets.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 10 11:30 UTC Released

TREndYear CPI Fcst/Cb Svy

Actual

21.28 %

Forecast

Previous

24.45 %

December 10 11:00 UTC Released

PTGlobal Trade Balance

Actual

-4.525 Bln EU

Forecast

Previous

-4.179 Bln EU

January 31 00:00 UTC 451434451434m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 451434451434m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 463254463254m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 451434451434m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 463254463254m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 451434451434m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 451434451434m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 451434451434m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.