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.

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
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Check out my sit down with @GuyAdami and @RiskReversal discussing the topics below Always a pleasure chatting markets with these two gentlemen https://t.co/2RrRUcKjoR
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here.https://t.co/b9XwwYS9uJ #DailyFXGuides https://t.co/tj5dt4Y1D2
  • I wonder if there is some 'inauguration volatility' anticipation in the markets ahead of tomorrow. Historically, this is largely procedural, but after the count of the electoral college votes...
  • EUR/USD crosses back above 1.21 as the dollar sells off $EUR $USD https://t.co/6UAWqUaibn
  • President-elect Biden's secretary of state candidate Anthony Blinken ("I said hey Blinkin" - Robinhood Men in Tights) says he foresees a "strong foundation" to find policy balance with China
  • The Dollar is weaker as US equities rebound from a sluggish start to 2021 $USD $DXY https://t.co/QwSoATgJ6H
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 0.52% Gold: -0.02% Oil - US Crude: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NTW6mn1F9p
  • The US Dollar is poised to mark the first consecutive weekly rally since September after rebounding just ahead of confluence downtrend support. Get your $USD technical analysis from @MBForex here:https://t.co/adRjeqXhdp https://t.co/Wx4wHxdRpX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 67.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rz01eDKbJ2
  • Hey traders check out @PeterHanksFX make a guest appearance with @GuyAdami and @RiskReversal for this week's @macrosetup https://t.co/5oZ4UT4xiq
Forex Analysis: US Dollar Classic Technical Report 12.12.2012

Forex Analysis: US Dollar Classic Technical Report 12.12.2012

Ilya Spivak, Head Strategist, APAC

Prices are resting at rising trend line support set from the mid-September bottom, with the outlines of a Flag chart formation hinting at bullish continuation. A Piercing Line candlestick pattern reinforces the case for an upside scenario. A break above Flag resistance at 9976 initially exposes the 23.6% Fibonacci expansion at 9995. Alternatively, a drop below the trend line (now at 9942) targets the Flag bottom at 9895.

Forex_Analysis_US_Dollar_Classic_Technical_Report_12.12.2012_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 12.12.2012

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