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
FOREX Technical Analysis: USDOLLAR 9832 Serves as Pivot

FOREX Technical Analysis: USDOLLAR 9832 Serves as Pivot

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, FOREX Technical Analysis: USDOLLAR 9832 Serves as Pivot

Chart Prepared by Jamie Saettele, CMT

FOREX Observations: The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) decline from 9949 to 9832 is in 3 waves. This is corrective action and either composes wave B or 2. In the former case, price has completed a 3 wave advance from 9740. In the latter case, a 3rd wave rally is underway towards much higher levels.

FOREX Trading Strategy Implications: The bullish impulsive count is valid as long as price s above 9832. 9887 is support. I favor buying a dip into 9887 against 9832 or a break above 9977 (against the last Thursday low).

LEVELS: 9846 9887 9920 9978 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.