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
Mixed
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Indonesia authorizes AstraZeneca Covid vaccine for emergency use - BBG
  • Australian Dollar Price Forecast: AUD/USD, AUD/JPY, AUD/NZD - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2021/03/09/Australian-Dollar-Price-Forecast-AUDUSD-AUDJPY-AUDNZD.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $AUD $AUDUSD $AUDJPY $AUDNZD https://t.co/4hT1cw12eh
  • China's CSI 300 recovers losses following reports that state-backed funds 'national team' will be used to purchase equities - BBG https://t.co/ehmKf0WFgH
  • A DB survey supposedly found that half of those that responded between the ages of 25 and 34 intend to use 50% of stimulus funds they receive on stock market investment! Sample size of only 430 retail investors but c'mon.
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/CogcdDMLHv
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 1.07% Oil - US Crude: 0.74% Gold: 0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/OYlPeDynh9
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.15% 🇦🇺AUD: 0.15% 🇪🇺EUR: 0.15% 🇳🇿NZD: 0.11% 🇨🇭CHF: 0.08% 🇯🇵JPY: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/C1NBpD8tLa
  • China state funds said to buy stocks after plunge escalated -BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.59%, while traders in Germany 30 are at opposite extremes with 83.48%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/syFy1j9agh
  • $CADJPY has exploded higher after breaching Ascending Triangle resistance and powering through the 200-week moving average. The pattern's implied measured move suggests price could climb an additional 4% from current levels to challenge psychological resistance at 90.00 $CAD https://t.co/sCP0pq1g1V https://t.co/NFIRL3E9ZN
USDOLLAR Upward Sloping Trendline Near 10540 on Thursday

USDOLLAR Upward Sloping Trendline Near 10540 on Thursday

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Upward Sloping Trendline Near 10540 on Thursday

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: The USDOLLAR key reversal on Monday occurred just shy of channel resistance so don’t rule out a final new high to test the channel but 10500 may not prove so easy to leave behind (9500 and 10000 were battleground levels). The 2012 high at 10323 is probably support now.

FOREX Trading Strategy: Flat

LEVELS: 10323 10391 10427 10519 10576 10611

--- 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