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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Mixed
Oil - US Crude
Mixed
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
Bitcoin
Mixed
More View more
Real Time News
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Gold: -0.48% Oil - US Crude: -1.02% Silver: -1.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fuN1JsPmS0
  • $EURUSD resistance has held thus far. But higher-lows coming in, setting up an ascending triangle this is similar to the backdrop in USD in early-Jan, just before the bullish reversal came in - discussed here at the time https://www.dailyfx.com/forex/market_alert/2020/01/07/correction-conundrum-in-the-us-dollar-eur-usd-usd-cad-aud-usd-js57.html https://t.co/uze2m6I5y7
  • 🇺🇸 USD Consumer Confidence Index (FEB), Actual: 130.7 Expected: 132.2 Previous: 130.4 https://www.dailyfx.com/economic-calendar#2020-02-25
  • Taking this morning's Consumer Confidence report with a grain of salt... initial survey data chopped off on the 18th of every month...
  • 🇺🇸 USD Conf. Board Present Situation (FEB), Actual: 165.1 Expected: N/A Previous: 173.9 https://www.dailyfx.com/economic-calendar#2020-02-25
  • Consumer confidence below expectations and last month's print... $USD a touch weaker https://t.co/DYNQjw1u8w
  • 🇺🇸 USD Conf. Board Present Situation (FEB), Actual: 165.1 Expected: N/A Previous: 175.3 https://www.dailyfx.com/economic-calendar#2020-02-25
  • 🇺🇸 USD Consumer Confidence Index (FEB), Actual: 130.7 Expected: 132.2 Previous: 131.6 https://www.dailyfx.com/economic-calendar#2020-02-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.02%, while traders in USD/CAD are at opposite extremes with 69.97%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Qj3w3u6ECz
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -0.40% Oil - US Crude: -0.61% Silver: -1.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/BcOQFf3Arm
US Dollar Index Classical Technical Report 12.16

US Dollar Index Classical Technical Report 12.16

2011-12-16 06:32:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_DXY_body_dxy.png, US Dollar Index Classical Technical Report 12.16

US DOLLAR INDEX: The market is expected to remain very well supported on dips after showing some clear signs of a material base in the previous month. Key previous multi-week range resistance turned support was successfully defended in the 9,800 area, and from here, we look for a fresh medium-term higher low ahead of the next major upside extension back through 10,135. Ultimately, only a close back below 9,800 would give reason for concern, while intraday setbacks should find fresh bids towards 9,900. Above 10,135 opens fresh upside towards our next key objective at 10,250.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.