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
Search results
No entries matching your query were found.
English Français 中文（繁體） 中文（简体）
Free Trading Guides
Subscribe
Please try again
EUR/USD
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
News
US Dollar Finds Firmer Footing After FOMC Minutes Boost Market Mood. Where to for DXY?
2022-05-26 05:00:00
Japanese Yen Breakout Contained Against US Dollar, EUR/JPY May See Volatility
2022-05-26 02:30:00
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
News
US Dollar Finds Firmer Footing After FOMC Minutes Boost Market Mood. Where to for DXY?
2022-05-26 05:00:00
Crude Oil Perseveres
2022-05-25 18:00:00
Wall Street
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
News
Return to Normalcy Harkens Shift in Retail Trading Era
2022-05-25 14:00:00
S&P 500, Dow, Nasdaq 100 Rebound, but Outlook Remains Precarious, US PMIs Eyed
2022-05-23 20:45:00
Gold
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
News
Gold, Silver Price Forecast: XAU/USD, XAG/USD May Rise as Retail Traders Sell
2022-05-25 00:30:00
Gold Price Forecast: Real Yields, Weaker USD and Safe Haven Appeal Drive XAU/USD Higher
2022-05-24 08:00:00
GBP/USD
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
News
Shocking UK PMI Sends the Pound Spiraling: EUR/GBP, GBP/JPY and GBP/USD
2022-05-24 09:42:00
Strategy Webinar: DXY, EUR/USD, USD/CAD, S&P 500 & Gold Technicals
2022-05-23 15:30:00
USD/JPY
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
News
Japanese Yen Breakout Contained Against US Dollar, EUR/JPY May See Volatility
2022-05-26 02:30:00
Japanese Yen Forecast: USD/JPY at Risk of Pullback on Mounting US Recession Fears
2022-05-25 14:30:00
More View more
Don’t Fall in Love with USDOLLAR Rally

Don’t Fall in Love with USDOLLAR Rally

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_us_dollar_index_body_usdollar.png, Don’t Fall in Love with USDOLLAR Rally

Prepared by Jamie Saettele, CMT

The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) rally from the 2/8 low consists of 2 equal legs, which is typical of a correction. The implications are for weakness from the current level. Tuesday’s top matches up with former lows as well (1/2, 1/3, and 1/23…former support becomes resistance). The USDOLLAR is vulnerable at these levels.

Bottom Line – flat

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com.  Follow me on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.

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

DISCLOSURES

Related Articles

Bullish Elliott Wave Pattern Pulls US Dollar Index to 3 Month High
Bullish Elliott Wave Pattern Pulls US Dollar Index to 3 Month High
2018-04-24 02:31:00
US Dollar Index Consolidation after the Gap is Bearish Behavior
US Dollar Index Consolidation after the Gap is Bearish Behavior
2017-05-02 16:49:00
US Dollar Index – Need to Re-Test the Broken Trendline?
US Dollar Index – Need to Re-Test the Broken Trendline?
2017-04-27 19:03:00
US Dollar Index Breaks 2016 Trendline; 99.50s is Estimated Resistance
US Dollar Index Breaks 2016 Trendline; 99.50s is Estimated Resistance
2017-04-25 19:33:00
Advertisement

Rates

USDOLLAR