Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Forex: US Dollar Technical Analysis – Rebound Stalls at Channel Top

By , Currency Strategist
02 September 2013 10:32 GMT

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Spinning Top candle below 10792 (23.6% Fib expansion, falling channel top) hints at turn lower
  • Break below support at 10760 exposes downside targets at 10693 (7/29 low) and 10646 (8/16 low)
  • Daily close above resistance exposes the next key hurdle at 10886 (38.2% Fib)

Don’t have access to the Dow Jones FXCM US Dollar Index? Try the USD basket via Mirror Trader as an alternative. **

dailyclassics_us_dollar_index_body_Picture_3.png, Forex: US Dollar Technical Analysis – Rebound Stalls at Channel Top

Daily Chart - Created Using FXCM Marketscope 2.0

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

02 September 2013 10:32 GMT