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
Free Trading Guides
Subscribe
Please try again
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
More View more
Real Time News
  • 💶 Inflation Rate MoM Flash (JUL) Actual: -0.1% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 🇮🇹 Inflation Rate YoY Prel (JUL) Actual: 1.8% Expected: 1.7% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 Inflation Rate YoY Flash (JUL) Actual: 2.2% Expected: 2% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 Unemployment Rate (JUN) Actual: 7.7% Expected: 7.9% Previous: 8% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 Core Inflation Rate YoY Flash (JUL) Actual: 0.7% Expected: 0.8% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 GDP Growth Rate QoQ Flash (Q2) Actual: 2% Expected: 1.5% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 GDP Growth Rate YoY Flash (Q2) Actual: 13.7% Expected: 13.2% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • US Dollar Looking for a Lifeline in PCE Inflation Data - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/07/30/US-Dollar-Looking-for-a-Lifeline-in-PCE-Inflation-Data.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #USD #Dollar #PCE #inflation
  • Heads Up:🇮🇹 Inflation Rate YoY Prel (JUL) due at 09:00 GMT (15min) Expected: 1.7% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:💶 Inflation Rate MoM Flash (JUL) due at 09:00 GMT (15min) Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-07-30
USDOLLAR Wave Pattern a Thing of Beauty

USDOLLAR Wave Pattern a Thing of Beauty

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Wave Pattern a Thing of Beauty

Prepared by Jamie Saettele, CMT

The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) wave count is breathtaking. Waves A and B of the 3 wave decline both divide into 5 waves while the rally off of the low is has that unmistakable impulsive feel. If the low is in place, then the USD is likely to trade sideways to down over the next few days; first to complete 5 wave up from the low and then to correct said advance. 10187 is resistance. On the daily, RSI bottomed at 40 on the nose yesterday, which is common practice for the indicator in a larger bull market.

LEVELS: 10092 10114 10145 10187 10221 10242

--- 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