News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs Check out my recap of last week and preview of upcoming event risk, plus all the latest forecasts from the @DailyFX team below. Link to Analysis - $GLD $DJI $GBPUSD #Trading
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • (Weekly Technical Outlook) US Dollar Outlook, Key Trend Reversals Playing Out? USD/CAD, AUD/USD, EUR/USD, GBP/USD #USD $USDCAD $AUDUSD $EURUSD $GBPUSD
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
Price & Time: USDOLLAR Stalls At Key Pivot

Price & Time: USDOLLAR Stalls At Key Pivot

Kristian Kerr, Sr. Currency Strategist

Talking Points

  • USDOLLAR holding below important Fibonacci level
  • Trendline connecting December/February lows remains critical

Unfamiliar with Gann Square Root Relationships? Learn more about them HERE.

The FXCM US Dollar Index (USDOLLAR) failed earlier this week just below the 78.6% retracement of March range at 12,095. This level looks to be an important pivot for the Buck in the near-term and while the index sits below this level there is still plenty of scope for a more meaningful correction against the primary trend in USD – perhaps even a violent one should trendline support around 11, 945 give way. Traction above 12,095, on the other hand, would be a strong technical signal that the dollar is embarking on another important leg higher and is set to resume the broader uptrend. This morning’s US employment data should give some clarity on which course the dollar is headed. We like buying dollars on a weekly settlement over 12,095 and selling them on close sub 11,945.

To receive other reports from this author via e-mail, sign up to Kristian’s e-mail distribution list via this link.

FXCM US DOLLAR INDEX Daily Chart: April 3, 2015

Price & Time: USDOLLAR Stalls At Key Pivot

Charts Created using Marketscope – Prepared by Kristian Kerr

Key Event Risk in the Week Ahead:

Price & Time: USDOLLAR Stalls At Key Pivot


Resistance: 12,048 (Fibonacci), 12,095 (Fibonacci)

Support: 12,018 (Fibonacci), 11,945 (Trendline)

Strategy: Buy USD

Entry: Buy USDOLLAR only if it can manage a weekly close above 12,095

Stop: Daily close below 12,018

Target: 12,200

--- Written by Kristian Kerr, Senior Currency Strategist for

To contact Kristian, e-mail Follow me on Twitter at@KKerrFX.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.