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EURUSD and EURJPY Weigh Reversals, S&P 500 Flirts with Record High
2021-10-21 04:00:00
Forex Trading: What is Forex? FX Trading Explained
2021-10-20 17:00:00
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Crude Oil Forecast: Price Sets Fresh High as Bulls Eye More Upside
2021-10-21 03:00:00
Mid-Week Market Updates: Volatility Trends & Options Outlook
2021-10-20 17:30:00
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S&P 500, Dow Jones & Nasdaq 100 Forecast for the Days Ahead
2021-10-21 12:30:00
Dow Jones Hits Intraday Record as Risk-on Mood Lifts All Boats Including Bitcoin
2021-10-20 20:30:00
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Gold Prices Drives Up the Range as US Dollar Wallows. Can XAU/USD Make a Breakout?
2021-10-21 02:00:00
Mid-Week Market Updates: Volatility Trends & Options Outlook
2021-10-20 17:30:00
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British Pound (GBP) Price Outlook: GBP/USD Struggling to Break Above 1.38
2021-10-21 08:00:00
GBP/USD Technical Analysis: At Significant Point of Interest on Chart
2021-10-20 14:00:00
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Japanese Yen Leaps Higher as Nikkei Falls and China Looks for Energy Answers. Will the Trend Resume?
2021-10-21 07:03:00
Forex Trading: What is Forex? FX Trading Explained
2021-10-20 17:00:00
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  • Goldman Sachs sees the Turkish Central Bank cutting rates by 100bps over next three central bank meetings
  • Cable has undergone a nice rally as of late, with it having risen over four figures off the September low.Get your $GBPUSD market update from @PaulRobinsonFX here:https://t.co/jdNzvlgecz https://t.co/kF4pZgwiOz
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.35% 🇨🇭CHF: 0.10% 🇪🇺EUR: -0.04% 🇬🇧GBP: -0.04% 🇦🇺AUD: -0.18% 🇳🇿NZD: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SSMahbp5s0
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  • Yen Pullback Begins: EUR/JPY, GBP/JPY, AUD/JPY, CAD/JPY https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/10/21/Yen-pullback-begins-EUR-JPY-EURJPY-GBP-JPY-GBPJPY-AUD-JPY-AUDJPY-CAD-JPY-CADJPY.html https://t.co/iZpZvFopiF
  • The oil price breakout has extended into the first level of lateral resistance- risk for some ‘back and fill’ here but the outlook remains constructive. Get your market update from @MBForex here:https://t.co/jdNzvkYCNZ https://t.co/OlqgYQLcxK
  • Tesla opened lower as afterhours trade yesterday suggested we would, but after the gap down, we've had a strong rally this morning. I wonder if the Robinhood-type crowd trades before/after hours or if that is the traditional segment https://t.co/tFVllKbBKb
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -0.02% Silver: -0.40% Oil - US Crude: -1.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ek6GdiGhQ3
  • The Turkish Central Bank cut its weekly repo rate to 16%, marking a 200bps cut vs expectations for a 50-100bps reduction. Get your market update from @JMcQueenFX here: https://t.co/Gz3yZYqZdn https://t.co/C1PgJsCoGp
  • 🇺🇸 CB Leading Index MoM (SEP) Actual: 0.2% Expected: 0.4% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-10-21
USDOLLAR Inside Day on An Outside Day Portends Exhaustion

USDOLLAR Inside Day on An Outside Day Portends Exhaustion

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Inside Day on An Outside Day Portends Exhaustion

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0New to FX?Know Your Trader IQ

FOREXAnalysis: The outside day yesterday and inside day today provides a reference point for the next move. A drop below Monday’s low would signal downside pressures towards former resistance at 10343/55 and probably the 20 day average (currently near 10300).

FOREX Trading Strategy: Flat

LEVELS: 10274 10308 10364 10444 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.

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