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.

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
Bearish
Oil - US Crude
Mixed
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
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
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
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.91%, while traders in EUR/GBP are at opposite extremes with 67.79%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/vQ8iSnCFKO
  • Heads Up:🇮🇹 Consumer Confidence (SEP) due at 08:00 GMT (15min) Expected: 100.8 Previous: 100.8 https://www.dailyfx.com/economic-calendar#2020-09-25
  • Heads Up:🇮🇹 Business Confidence (SEP) due at 08:00 GMT (15min) Expected: 87.5 Previous: 86.1 https://www.dailyfx.com/economic-calendar#2020-09-25
  • Heads Up:🇪🇺 European Council Special Meeting due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-25
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.55% Gold: 0.38% Silver: 0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VJ7UpG5FrK
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.64% 🇦🇺AUD: 0.51% 🇬🇧GBP: 0.40% 🇯🇵JPY: 0.10% 🇨🇭CHF: 0.07% 🇪🇺EUR: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/QAhXdDRIfi
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.49% US 500: 0.42% FTSE 100: 0.34% Germany 30: 0.28% France 40: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/eQC60R71rR
  • $EURUSD Rates May Extend Slide Lower on #Covid_19 #SecondWave Fears ⬇️ https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/09/25/EURUSD-Rates-May-Extend-Slide-Lower-on-Covid-19-Second-Wave-Fears-.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr https://t.co/eWYXYmWLPm
  • 🇬🇧 Public Sector Net Borrowing (AUG) Actual: £-35.2B Expected: £-35.1B Previous: £-15.44B https://www.dailyfx.com/economic-calendar#2020-09-25
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/oqbtFfeo4K
Dollar Breaks Key Support, SPX 500 Eyeing Resistance Near 1800

Dollar Breaks Key Support, SPX 500 Eyeing Resistance Near 1800

2014-02-10 13:48:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • US Dollar Breaks Three-Month Channel Floor
  • S&P 500 Rebound Eying Trend Line Resistance
  • Crude Oil Back to Retest December’s Swing Top

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. **

US DOLLAR TECHNICAL ANALYSISPrices broke below key support at 10661, a barrier marked by the bottom of a rising channel set from late November 2013 and the 23.6% Fibonacci retracement. Sellers now target the 38.2% level at 10602, with a further push below that aiming for the 50% Fib at 10555. Alternatively, a reversal back above the channel bottom (now at 10668) aims for a horizontal pivot level at 10718.

Forex_Dollar_Breaks_Key_Support_SPX_500_Eyeing_Resistance_Near_1800_body_Picture_5.png, Dollar Breaks Key Support, SPX 500 Eyeing Resistance Near 1800

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.

S&P 500 TECHNICAL ANALYSISPrices are approaching resistance at 1802.60, trend line set from late October that formerly acted as support. A break above this barrier targets a familiar price cluster in the 1809.60-20.60. Alternatively, a move below pivot support at 1773.40 aims for a trend line set from February 2013, now at 1743.50.

Forex_Dollar_Breaks_Key_Support_SPX_500_Eyeing_Resistance_Near_1800_body_Picture_6.png, Dollar Breaks Key Support, SPX 500 Eyeing Resistance Near 1800

Daily Chart - Created Using FXCM Marketscope 2.0

GOLD TECHNICAL ANALYSIS – Prices are testing resistance at 1276.22, the 38.2% Fibonacci expansion, with a break higher exposing the 50% level at 1288.05. Alternatively, a reversal below the 23.6% Fib at 1261.59 aims for a rising trend line set from early January, now at 1247.33.

Forex_Dollar_Breaks_Key_Support_SPX_500_Eyeing_Resistance_Near_1800_body_Picture_7.png, Dollar Breaks Key Support, SPX 500 Eyeing Resistance Near 1800

Daily Chart - Created Using FXCM Marketscope 2.0

CRUDE OIL TECHNICAL ANALYSISPrices are testing the lower bound of a resistance cluster defined by the late December swing top in the 99.92-100.19 area (50% Fibonacci expansion, December 27 close). The upper boundary of the cluster is in the 100.73-8 region (61.8% Fib, December 27 high), with a break above that exposing the 76.4% Fib at 101.86. Alternatively, a move below support at 99.05 (38.2% Fib) exposes 97.97 (23.6% Fib).

Forex_Dollar_Breaks_Key_Support_SPX_500_Eyeing_Resistance_Near_1800_body_Picture_8.png, Dollar Breaks Key Support, SPX 500 Eyeing Resistance Near 1800

Daily Chart - Created Using FXCM Marketscope 2.0

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

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES