Skip to content
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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Webinar: USD Fails at Resistance- Scalping Sept. Range Ahead of NFP

Webinar: USD Fails at Resistance- Scalping Sept. Range Ahead of NFP

Michael Boutros, Strategist

Talking Points

  • Weekly DailyFX Scalp Webinar covering featured setups ahead of NFPs
  • Updated targets & invalidation levels
  • Event Risk on Tap This Week

USDOLLAR Daily

Webinar: USD Fails at Resistance- Scalping Sept. Range Ahead of NFP

Chart Created Using FXCM Marketscope 2.0

Notes:The Dow Jones FXCM U.S. Dollar Index has rallied back into the top of its monthly opening range, with a failure to close above the April reversal-day close at 12,071 leaving the door open for further declines in the near-term. Interim support rests with the September open at 12,028 with a break lower targeting 1143/56 zone where the 61.8% retracement, the 100DMA & the median line off the monthly high converge. Key resistance remains with the 2015 high-day close at 12,123 with a breach targeting the yearly high at 12,162.

USDOLLAR 30min

Webinar: USD Fails at Resistance- Scalping Sept. Range Ahead of NFP

Notes: It’s too soon to tell whether the proposed pitchfork off the highs is in play, but the initial responses to the median line have been encouraging. We could get a rebound off confluence support here but the near-term focus remains weighted to the downside while within the confines of this formation.

For updates on this scalp and more setups throughout the week subscribe to SB Trade Desk

Relevant Data Releases

Webinar: USD Fails at Resistance- Scalping Sept. Range Ahead of NFP

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex, contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFX at 12:30 GMT (8:30ET)

Struggling with your strategy? Here’s the number one mistake to avoid

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

DISCLOSURES