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.

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
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.80% Oil - US Crude: 0.74% Gold: 0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/J1sPu7UBEC
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/CzqDUXRj6r
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.42% 🇨🇦CAD: 0.29% 🇦🇺AUD: 0.23% 🇯🇵JPY: -0.05% 🇪🇺EUR: -0.12% 🇨🇭CHF: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0zNKmfjVB1
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-25
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: US 500: 0.38% Wall Street: 0.10% Germany 30: -0.05% FTSE 100: -0.20% France 40: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/B1qWJzbETV
  • $GBPUSD picking up slightly, while $EURGBP slides to intra-day lows https://t.co/fFLq52gV8E
  • Italian PD Chief Zingaretti says the idea of a government with Conte as PM who gets backing is the best solution $EUR
  • Missed today's Cross-Market Weekly Outlook webinar? See the recording here: US Dollar May Rise as Gold Drops on Fed Policy Meeting - https://t.co/olkUupAf3i #Dollar #FOMC #Fed
  • Heads Up:🇩🇪 Bundesbank Mauderer Speech due at 10:45 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-25
  • UK PM Johnson says looking at relaxing some measures before mid-Feb - Sky News
USDOLLAR Upside Momentum Slows after Push through 10400

USDOLLAR Upside Momentum Slows after Push through 10400

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Upside Momentum Slows after Push through 10400

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: A large range day occurred Wednesday and upside momentum slowed today. “Large range days that occur after an extended move are usually exhaustive in nature. The index has been influenced heavily in recent months by the Yen move as well. Any USDJPY mean reversion likely has the opposite effect.” The awaited pullback may finally be underway.

FOREX Trading Strategy: Slowing momentum suggests that some corrective weakness may finally be underway. We’ll look to turn bullish at lower levels.

LEVELS: 10274 10308 10364 10437 10500 10608

--- 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