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.



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
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
  • The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6. Get your #currencies update from @DanielGMoss here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your USD/INR market update here:
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here:
  • #Gold prices have plunged nearly 11% off the record highs with a breakout risking further losses. Here are technical trade levels that matter on the XAU/USD weekly chart. Get your #metals update from @MBForex here:
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
Price & Time: USDOLLAR – Quarterly Opening Range Break Ahead?

Price & Time: USDOLLAR – Quarterly Opening Range Break Ahead?

2015-10-28 14:00:00
Kristian Kerr, Sr. Currency Strategist

Price & Time covers key technical themes daily and can be delivered to your inbox each morning by joining the distribution list: Price & Time

Talking Points

  • USDOLLAR rebounds aggressively after closing under 200-day moving average
  • Key resistance test awaits

View the FXCM Speculative Sentiment Index in Real-Time

USDOLLAR: Quarterly Opening Range Break Ahead?

Price & Time: USDOLLAR – Quarterly Opening Range Break Ahead?

The Dow Jones FXCM USDOLLAR Index (equally weighted basket of USD versus EUR, JPY, GBP & AUD) has come storming back after being in a rather precarious technical position just a couple of weeks ago. Has the false break under the 200-day moving average finally primed the market for a breakout from the consolidation or is more range trade in order?

As mentioned last week, the timing seems about right in a lot of dollar pairs for an important move of some kind. It is also nearing the end of the first month of the 4th quarter and a trend move is probably due. I say that because the psychology in the first month of a quarter is not unlike the psychology that used to be witnessed in pit traded markets at the open when there would be a few false starts in the first hour of trading leaving a defined range. The break of this range or what many call an “opening range breakout” would usually lead to the first real directional move of the day.

The Q4 opening range in USDOLLAR looks set at 12,081 on the topside and 11,854 on the low end. A break of one should prompt that much sought after first “clear” directional move of Q4, though I might bump up the top level to the late September high near 12,100 as the index has had problems there on more than one occasion. I am biased higher following the shenanigans around the 200-day moving average, but will need to see a daily settlement over 12,100 to get excited about the prospects of a more impulsive move higher.

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

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

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