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.

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
EUR/USD
Mixed
Oil - US Crude
Bullish
Low
High
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
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
Low
High
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
USD/JPY
Mixed
More View more
Breaking news

ECB leaves monetary policy unchanged

Real Time News
  • Heads Up:🇺🇸 Fed Evans Speech due at 17:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-16
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/07/16/US-Dollar-Price-Action-USD-EURUSD-EUR-USD-GBP-USD-AUD-USD-JS.html $USD $EURUSD $GBPUSD $AUDUSD
  • Senator Blunt says next stimulus bill from GOP could arrive Tuesday - BBG
  • US Treasury Yields: 2-Year: 0.147% 3-Year: 0.169% 5-Year: 0.275% 7-Year: 0.454% 10-Year: 0.610% 30-Year: 1.303% $TNX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.91%, while traders in EUR/USD are at opposite extremes with 70.86%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/FcASLFRNcz
  • #Gold Price Outlook: $XAUUSD Rally Entering 6th Week– $GLD Breakout Levels - https://t.co/kWu10QhVjX https://t.co/kfiimF2aYY
  • Fed's Bostic says 'the answer is no' on using negative interest rates - BBG
  • Fed's Bostic says risk of deflation not likely a problem if control of virus is established $DXY
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: -0.37% Silver: -0.66% Oil - US Crude: -0.86% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/MHCawBh8bz
  • Fed's Bostic says keeping economy closed forever is not feasible - BBG
USDOLLAR Working On Pattern Breakout

USDOLLAR Working On Pattern Breakout

2015-01-16 14:54:00
Paul Robinson, Strategist
Share:

Talking Points:

  • Breaking out of a multi-day, 4-hr flag/channel.
  • Trend is higher, sticking with it until further notice
  • Target potential of 11800 (2009 high)

The past few days I have been highlighting the bullish posture of USDOLLAR as it maintains its uptrend support, while building a flag pattern. This is a repeating theme from December, and with the trend decisively up, taking long set-ups remains the focus until clear signs of a bearish reversal are in place. On a 4-hr basis, we are seeing the index breakout. As such, the anticipated move is above the previous high of 11715, with potential to reach the 2009 high at 11800.

USDOLLAR 4-hr: Nov ’14 – Jan ‘15

USDOLLAR Working On Pattern Breakout

--- Written by Paul Robinson

To contact Paul, email him at instructor@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.