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
Oil - US Crude
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
Forex Technical Analysis: USDOLLAR Trades to Fibonacci Resistance

Forex Technical Analysis: USDOLLAR Trades to Fibonacci Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, Forex Technical Analysis: USDOLLAR Trades to Fibonacci Resistance

Chart Prepared by Jamie Saettele, CMT

Forex Observations: The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has broken to 20 day highs and faces resistance from the 38.2% retracement of the decline from 10323 at 9963. The market has already responded to the level in Asian trade. 9886-9920 is support.

Forex Trading Strategy Implications: Allowing for corrective weakness, market risk is higher towards 10046.

LEVELS: 9846 9889 9920 10000 10027 10046

--- 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.