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
Real Time News
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.25% Gold: -0.07% Silver: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/noPWdIF3jS
  • South African rand up 20c against the dollar. Riot aftermath anticipated in upcoming economic data. Get your $USDZAR market update from @WVenketas here:https://t.co/vQY2U5Cs2H https://t.co/EAB6k8ZgXz
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.64%, while traders in France 40 are at opposite extremes with 78.69%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/W2WkFr6Nlr
  • US Treasury Sec. Yellen: - Treasury will be unable to invest fully in "G Fund" for federal retirees beginning on Monday
  • US Treasury Sec. Yellen: - The Treasury has begun additional steps on debt limit - I am urging Congress to act quickly on the debt ceiling
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.02% Wall Street: 0.01% France 40: -0.30% FTSE 100: -0.35% Germany 30: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/9sYWVy1DWz
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/08/02/US-Dollar-Price-Action-Setups-USD-EURUSD-EUR-USD-GBPUSD-GBP-USD-USDCAD-USD-CAD-Loonie-Levels.html https://t.co/UGR6Fznk65
  • DXY broke upward sloping channel, 200-day next. May be on its way to trading to the yearly low at 89.2. Get your market update from @PaulRobinsonFX here:https://t.co/4aWscOvzmf https://t.co/6J95FQCZFK
  • USD/JPY attempting to muscle its way higher off session lows with help from these Waller comments (see thread below) $USDJPY $USD #Forex https://t.co/AoD1oipCXb https://t.co/qkCPPaZexk
  • Fed's Waller: - Fed could taper at a faster rate than previous taper - I was in favor of tapering MBS before Treasuries; majority of Committee did not agree
US Dollar Classic Technical Report 09.05.2012

US Dollar Classic Technical Report 09.05.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing the now-familiar resistance cluster marked by the top of a falling channel established from the July 12 high (10018), the underside of a rising trend set from late July 2011 (10041), and the midline of a larger channel carved out since late May (10046). Initial channel support is at 9937, with a break below that exposing 9860. Alternatively, a push above 10046 targets the channel top at 10139.

US_Dollar_Classic_Technical_Report_09.05.2012_body_Picture_5.png, US Dollar Classic Technical Report 09.05.2012

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