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
US Dollar Classic Technical Report 08.31.2012

US Dollar Classic Technical Report 08.31.2012

Ilya Spivak, Head Strategist, APAC

Prices are stalling below a confluence of resistance marked by the top of a falling channel established from the July 12 high (10037), the underside of a rising trend set from late July 2011 (10033), and the midline of a larger channel carved out since late May (10051). A break above the latter level exposes the channel top at 10146. Initial channel support is at 9943, with a break below that exposing 9876.

US_Dollar_Classic_Technical_Report_08.31.2012_body_Picture_5.png, US Dollar Classic Technical Report 08.31.2012

Dow Jones FXCM US Dollar Index - Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

DISCLOSURES