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
Real Time News
  • Heads Up:🇬🇧 BoE MPC Vote Cut due at 11:00 GMT (15min) Expected: 0/9 Previous: 0/8 https://www.dailyfx.com/economic-calendar#2021-09-23
  • Heads Up:🇬🇧 BoE MPC Vote Unchanged due at 11:00 GMT (15min) Expected: 9/9 Previous: 8/8 https://www.dailyfx.com/economic-calendar#2021-09-23
  • Heads Up:🇬🇧 BoE MPC Vote Hike due at 11:00 GMT (15min) Expected: 0/9 Previous: 0/8 https://www.dailyfx.com/economic-calendar#2021-09-23
  • Heads Up:🇬🇧 MPC Meeting Minutes due at 11:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-23
  • Heads Up:🇬🇧 BoE Quantitative Easing due at 11:00 GMT (15min) Expected: £875B Previous: £875B https://www.dailyfx.com/economic-calendar#2021-09-23
  • Heads Up:🇬🇧 BoE Interest Rate Decision due at 11:00 GMT (15min) Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-09-23
  • Heads Up:🇲🇽 Mid-month Inflation Rate YoY (SEP) due at 11:00 GMT (15min) Expected: 5.72% Previous: 5.58% https://www.dailyfx.com/economic-calendar#2021-09-23
  • Heads Up:🇲🇽 Mid-month Inflation Rate MoM (SEP) due at 11:00 GMT (15min) Expected: 0.28% Previous: -0.02% https://www.dailyfx.com/economic-calendar#2021-09-23
  • Probably the most noteworthy comment made by BoE members since the Aug meeting - Policymakers split 4-4 on whether minimum necessary conditions have been met https://t.co/IPpSxBGRBz
  • - Policymakers appear more willing to exercise flexibility over capital key, any change to issuer limit change to face bigger fight $EUR
FOREX Technical Analysis: USDOLLAR Bouncing Between Fibonacci Levels

FOREX Technical Analysis: USDOLLAR Bouncing Between Fibonacci Levels

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, FOREX Technical Analysis: USDOLLAR Bouncing Between Fibonacci Levels

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: I wrote last Thursday that “we got the low now the question is how significant is the low. It seems obvious that the decline from the November high is a ‘5’ but the truncation scenario would indicate the top is unorthodox on 11/21. Either way, look higher towards 10009/12.” The high on Friday was 10013 and near term focus is on the 61.8% of the swing from 9917, at 9954. Near term structure remains unclear.

FOREX Trading Strategy: Nothing.

LEVELS: 9891 9923 9945 10009 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.

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