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.



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
Please try again
More View more
USDOLLAR Forms Inside Day as 10000 Looms

USDOLLAR Forms Inside Day as 10000 Looms

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Forms Inside Day as 10000 Looms

Prepared by Jamie Saettele, CMT

“The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is testing the April high (10038) as support. This level is reinforced by the 60 day average (I’ll look at moving averages that make sense to me…such as 20, 60, 120, 240, which are roughly 1 month, 3 months, 6 months, and 12 months). A stronger support area if reached would be the 61.8% retracement of the advance from 9816 at 10010. This level is reinforced by channel support.

LEVELS: 9975 10005 10026 10090 10111 10144

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for

To contact Jamie e-mail  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

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.