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.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
USDOLLAR Repeating Price Action From December

USDOLLAR Repeating Price Action From December

Talking Points:

- USDOLLAR acting constructively past few sessions

- Repeat price action from December

- Breakout of pattern could lead to new swing high

The pullback in USDOLLAR Index over the past few days has been constructive in nature, building a bull flag on the 4hr/Daily time-frame. This price action, thus far, is a repeating theme from last month. Furthermore, a rising trend-line dating back to October provides additonal bullish underpinnings. Price holding trend support, followed by a breakout of the bull flag will likely result in a push to new swing highs.

USDOLLAR Index - 4hr: Oct. '14 - Present

--- Written by Paul Robinson, DailyFX Research

To contact Paul, email him at

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