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
More View more
FOREX Technical Analysis: USDOLLAR Trying to Stabilize before Trendline

FOREX Technical Analysis: USDOLLAR Trying to Stabilize before Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

FOREX_Technical_Analysis_USDOLLAR_Trying_to_Stabilize_before_Trendline_body_usdollar.png, FOREX Technical Analysis: USDOLLAR Trying to Stabilize before Trendline

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: I had been looking for a reversal near the 38.2% retracement of the rally from 9740, at 9945. The level is reinforced by trendline support and the 10/10 high. The USDOLLAR reversed just before that level Tuesday and continues to hold up. Tuesday’s outside day at support (11/12-14 lows) warrants a constructive view.

FOREX Trading Strategy: I am bullish against 9955.

LEVELS: 9891 9923 9945 10001 10044 10071

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

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

Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox once a day.

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