Skip to content
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. See our updated Privacy Policy here.

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
More View more
USDOLLAR Enters 4th Week of Consolidation

USDOLLAR Enters 4th Week of Consolidation

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR Enters 4th Week of Consolidation

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-The USDOLLAR index has entered its 4th week of sideways trade (top is still day of November NFP). A triangle could be underway, in which case the range would tighten for the rest of the week (or a little longer) before a thrust to new highs (then risk of a reversal lower). Regardless, 12100 (12104 is the September high and the breakout day low) remains key to maintaining a ‘breakout’ bias. Weakness below there could result in a swift reversal of fortune for the USDOLLAR.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES