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
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • The Hang Seng Index looks set to extend gains beyond the 30,000 mark, hitting a fresh 20-month high. Will it succeed? https://www.dailyfx.com/forex/market_alert/2021/01/21/Nasdaq-Hits-Record-High-as-Biden-Takes-Office-Hang-Seng-Eyes-30000.html https://t.co/rh5X6ViWFg
  • The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities. Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/F3uz5GHMSd https://t.co/8FdxQnP08U
  • RT @FxWestwater: Australian Dollar Forecast: Jobs Report Fails to Inspire $AUDUSD Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/01/21/AUDUSD-Uninspired-Following-Australian-Jobs-Report.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/rI1YeoJFyL
  • The Nasdaq 100 index advanced 1.97% to an all-time high of 13,457, led by Alphabet (+5.36%), Amazon (+4.57%) and Microsoft (+3.65%). https://t.co/ALr0643lmU
  • 🇦🇺 Unemployment Rate (DEC) Actual: 6.6% Expected: 6.7% Previous: 6.8% https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇦🇺 Full Time Employment Chg (DEC) Actual: 35.7K Previous: 84.2K https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇦🇺 Unemployment Rate (DEC) Actual: 6.6 Expected: 6.7% Previous: 6.8% https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇦🇺 Employment Change (DEC) Actual: 50K Expected: 50K Previous: 90.0K https://www.dailyfx.com/economic-calendar#2021-01-21
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:https://t.co/HuXPXu5PFU https://t.co/96sCoOy0GJ
  • Heads Up:🇦🇺 Full Time Employment Chg (DEC) due at 00:30 GMT (15min) Previous: 84.2K https://www.dailyfx.com/economic-calendar#2021-01-21
USDOLLAR Eases into Support

USDOLLAR Eases into Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Eases into Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-The USDOLLAR decline from the July high in 3 waves (corrective).

-Estimated support is 10708 and 10674

Trading Strategy: Look for a low from current level to 10672 in order to get long against 10646.

LEVELS: 10586 10646 10674 | 10754 10791 10812

--- 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'sdistribution 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