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
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
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
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
Bearish
More View more
Real Time News
  • #Dow Jones: Giving the trend the benefit of the doubt, allowing for a small congestion pattern to develop may reward traders with a platform from which another leg higher can develop. Get your technical analysis from @PaulRobinsonFX here: https://t.co/zMaDTwizgp https://t.co/h2afPQplxK
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.91% Oil - US Crude: 0.83% Gold: 0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ZBtjTRQ9ai
  • Fed Chair Powell: - Shutting down shale would not be good for US economy #OOTT
  • RT @economics: Total U.S. household debt rose $92 billion, or 0.7%, to $13.95 trillion in the third quarter — that's the 21st straight quar…
  • Trump says auto tariff decision is coming fairly soon $SPX
  • USD/CHF IG Client Sentiment: Our data shows traders are now net-long USD/CHF for the first time since Nov 06, 2019 02:00 GMT when USD/CHF traded near 0.99. A contrarian view of crowd sentiment points to USD/CHF weakness. https://www.dailyfx.com/sentiment https://t.co/o0UNN3CVSg
  • RT @fleckcap: powell- "the risk of low inflation is greater than higher [inflation]", as they print money like mad...save that quote along…
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 1.09% 🇨🇭CHF: 0.33% 🇯🇵JPY: 0.17% 🇨🇦CAD: -0.09% 🇪🇺EUR: -0.10% 🇦🇺AUD: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8fEFNWKtFe
  • EIA raises oil output forecast for 2020 from 13.17m b/d to 13.29m b/d #OOTT
  • Fed Chair Powell: - China has unusually high debt for emerging market nation
Forex Analysis: US Dollar Classic Technical Report 11.29.2012

Forex Analysis: US Dollar Classic Technical Report 11.29.2012

2012-11-29 10:08:00
Ilya Spivak, Sr. Currency Strategist
Share:

Prices are stalling at the bottom of a rising channel set from mid-September (now at 9971). A break below this boundary initially exposes the 38.2% level at 9945. Near-term resistance lines up at 9993, the 23.6% Fibonacci retracement, with a push above that aiming to challenge the November 16 high at 10071.

Forex_Analysis_US_Dollar_Classic_Technical_Report_11.29.2012_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 11.29.2012

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, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES

News & Analysis at your fingertips.