{"id":133200,"date":"2018-09-05T10:22:39","date_gmt":"2018-09-05T14:22:39","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133200"},"modified":"2018-09-05T06:39:52","modified_gmt":"2018-09-05T10:39:52","slug":"usdidx-forex-analysis-expanding-us-economic-activity-bullish-for-usd-index","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/usdidx-forex-analysis-expanding-us-economic-activity-bullish-for-usd-index\/","title":{"rendered":"USDIDX Forex Analysis &#8211; Expanding US economic activity bullish for USD INDEX"},"content":{"rendered":"<div id=\"inves-2812508278\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 5, 2018<\/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>Expanding US economic activity bullish for USDIDX<\/strong><\/p>\n<blockquote><p>Continued rise in retail sales and expansion in manufacturing sector indicates US economy remains strong. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/indices\/usdidx\">USDIDX<\/a> continue advancing?<\/p><\/blockquote>\n<p>US economic data were positive on balance in the past month: the second quarter GDP was upgraded to 4.2% from 4.1% annual rate of preliminary reading. Retail sales rose 6.4% over year in July, higher than previous month and above expectations. This was the fifth month retail sales rose after a weak start to year. On the other hand durable goods orders fell in July. And personal spending remained at 0.4% over month, while manufacturing activity expansion accelerated in August according to the ISM manufacturing index. Positive economic data indicating accelerating economy 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_OR_17May2018.png\" alt=\"USDIDX\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe the <b>USDIDX: D1<\/b> has been rising after hitting 44-month low in mid-February. It has risen above the support line after dipping below it for couple of sessions.<\/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 uptrend: it is tilted up.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a nuetral signal: it is above the signal line and the gap is steady.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> Stochastic oscillator <\/a> is rising but has not breached into the overbought zone.<\/li>\n<\/ul>\n<p>We expect the bullish momentum will endure after the price breaches above the upper Donchian bound at 95.7350. A price below that level can be used as an entry point for a pending order to buy. The stop loss can be placed below the lower Donchian bound at 94.4190. 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 (94.4190) without reaching the order, we recommend canceling the order: the market sustains internal changes which were not taken into account.<\/p>\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 95.4190<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 94.4190<\/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><div id=\"inves-2704393163\" 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","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Expanding US economic activity bullish for USDIDX Continued rise in retail sales and expansion in manufacturing sector indicates US economy remains strong. Will the USDIDX continue advancing? US economic data were positive on balance in the past month: the second quarter GDP was upgraded to 4.2% from 4.1% annual rate of preliminary reading. [&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-133200","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133200","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=133200"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133200\/revisions"}],"predecessor-version":[{"id":133212,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133200\/revisions\/133212"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}