{"id":117723,"date":"2017-12-07T09:48:02","date_gmt":"2017-12-07T14:48:02","guid":{"rendered":"http:\/\/countingpips.com\/?p=117723"},"modified":"2018-06-01T15:48:27","modified_gmt":"2018-06-01T15:48:27","slug":"usd-index-forex-technical-analysis-rate-hike-expectations-support-usdidx","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/12\/usd-index-forex-technical-analysis-rate-hike-expectations-support-usdidx\/","title":{"rendered":"USD Index: Forex Technical Analysis &#8211; Rate hike expectations support USDIDX"},"content":{"rendered":"<div id=\"inves-3180009985\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 7, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Rate hike expectations support USDIDX<\/strong><\/p>\n<p>Healthy economic growth and rate hike expectations support US dollar. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/indices\/usdidx\">USDIDX<\/a> continue advancing?<\/p>\n<p>The US economic growth accelerated to 3.3% in the Q3 from 3.1% in second quarter. And Senate passed its tax overhaul bill last Saturday. While Senate version of the tax bill differs from the legislation passed by the House of Representatives it is widely expected a final bill will be approved by both the House and Senate that President Donald Trump can sign it into law then. As investors anticipate the tax cut stimulus boost for the economy the Federal Reserve is meeting next week. A third interest rate hike this year is viewed as virtual certainty. Strong economic growth and a rate hike expectation are bullish for the dollar index.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/USDIDX_07Dec2017.png\" alt=\"USDIDX\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe the <b>USDIDX: D1<\/b> has been rising after hitting 10-week low in the end of November.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator<\/b> gives a buy signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates no trend yet: it is flat.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a bullish signal: it is below the signal line and the gap is narrowing.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> Stochastic oscillator <\/a> is rising but has not reached the overbought zone yet.<\/li>\n<\/ul>\n<p>We expect the bullish momentum will continue after the price breaches above the upper Donchian bound at 93.643. A price above this level can be used as an entry point for a pending order to buy. The stop loss can be placed below the fractal low at 92.588. After placing the pending order, the stop loss is to be moved to the next fractal low, following Parabolic signals. By doing so, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop loss level (92.588) without reaching the order, we recommend canceling the position: the market sustains internal changes which were not taken into account.<\/p><div id=\"inves-2760265435\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 93.643<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 92.588<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Rate hike expectations support USDIDX Healthy economic growth and rate hike expectations support US dollar. Will the USDIDX continue advancing? The US economic growth accelerated to 3.3% in the Q3 from 3.1% in second quarter. And Senate passed its tax overhaul bill last Saturday. While Senate version of the tax bill differs from [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-117723","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/117723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=117723"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/117723\/revisions"}],"predecessor-version":[{"id":117748,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/117723\/revisions\/117748"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=117723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=117723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=117723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}