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
EUR/USD
Bullish
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Gold
Mixed
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.94%, while traders in US 500 are at opposite extremes with 72.37%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/plFxRXM0uT
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.32% 🇨🇭CHF: 0.18% 🇳🇿NZD: 0.17% 🇦🇺AUD: 0.12% 🇨🇦CAD: 0.07% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/7LQ64GzSvX
  • A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model. Get your market update from @ZabelinDimitri here:https://t.co/n6zwlZJmGO https://t.co/rYkYIIVNQJ
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.47% France 40: 1.18% FTSE 100: 0.78% US 500: 0.20% Wall Street: 0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/UJ2NbRFbDk
  • RT @DanielGMoss: Market Snapshot Haven-associated $USD and $JPY notably declining during #APAC trade as the risk-sensitive $AUDUSD and #SP…
  • The Core-Perimeter trading model helps traders understand interactions between global economies, helping to trade the assets embedded in these relationships. Get your market update from @ZabelinDimitri here:https://t.co/dKRAo00lfA https://t.co/jjRBxBZs1z
  • What is the #USD #ASEAN technical road ahead? Check out my latest update below! $USDIDR $USDPHP $USDMYR $USDSGD https://www.dailyfx.com/forex/technical/article/special_report/2020/07/09/US-Dollar-Technical-Outlook-USDIDR-USDPHP-USDMYR-USDSGD.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ByH56TCUdj
  • The US Dollar is pressured as rising coronavirus cases fail to dent 2021 GDP bets. Could the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit rise? Find out from @ddubrovskyFX here:https://t.co/u1qhaIGGoC https://t.co/O2i6DZLkIB
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.02% Silver: -0.02% Oil - US Crude: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/8fnXlqvZEz
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.07% 🇨🇭CHF: 0.05% 🇬🇧GBP: 0.01% 🇯🇵JPY: -0.06% 🇦🇺AUD: -0.09% 🇳🇿NZD: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/T8ma15KmYS
USDOLLAR Friday Low Serves as Near Term Pivot

USDOLLAR Friday Low Serves as Near Term Pivot

2013-03-19 21:28:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Friday Low Serves as Near Term Pivot

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

FOREXAnalysis: No change other than noting that potential near term resistance is 10519/27. “Since the USDOLLAR traded through the 2012 high on 2/11, each dip has been quickly retraced. The index began trading in 2011 but we can simulate historical data to get a sense for support/resistance. When we do that, we find the 50% retracement of the decline from the 2009 high to 2011 low at 10560. The next level of interest would be the 61.8% retracement at 10853 which is also the 38.2% retracement of the decline from the 2002 high. The current area is also defined by the upward sloping trendline that extends off of the 2011 and 2012 highs and channel that defines the rally since the 2011 low. In other words, price has entered a zone that probably provides the resistance needed to inspire a countertrend move (down).”

FOREX Trading Strategy: Flat

LEVELS: 10323 10391 10449 10520 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

News & Analysis at your fingertips.