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
Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
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
News
US Dollar Outlook: DXY Index Hammered as Treasury Yields Ebb
2021-05-18 17:00:00
DAX 30 Storms to Record High, EUR/USD Breaks Above 1.22 as Bullish Momentum Builds
2021-05-18 11:00:00
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
News
Oil Price Forecast: Crude Oil Rally at Risk as WTI Stalls at Resistance
2021-05-18 19:00:00
Crude Oil Price Trend May Reverse, API Data and FOMC Minutes Eyed
2021-05-18 07:00:00
Wall Street
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
News
Dow Jones Price Forecast: Broader Uptrend Remains Intact Despite Volatility
2021-05-18 20:30:00
6 Popular Technical Indicators for Stock Trading
2021-05-17 21:30:00
Gold
Bullish
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
News
Gold Price Forecast: XAU/USD Bid on Weak Dollar, Softer Yields
2021-05-18 22:30:00
Gold Price Forecast: Gold Break Out as Bulls Take Charge, FOMC Minutes Eyed
2021-05-18 09:30:00
GBP/USD
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
News
British Pound (GBP) Outlook - GBP/USD Looking at a New Three-Year High
2021-05-18 08:00:00
Technical Levels for US Dollar, AUD/USD, Gold, Oil, SPX & Bitcoin
2021-05-17 15:00:00
USD/JPY
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
News
Japanese Yen Analysis: USD/JPY Points Higher as GDP Data Misses Expectations
2021-05-18 00:00:00
USD/JPY Mirrors Decline in US Treasury Yields Ahead of FOMC Minutes
2021-05-17 15:00:00
More View more
Real Time News
  • Bitcoin and Litecoin are moving higher after Tesla CEO Elon Musk's Twitter dealings injected volatility into the crypto market. Get your #cryptocurrency market update from @FxWestwater here:https://t.co/Zbd1TSiIuc https://t.co/LQQe4Wpg2N
  • 9 out of 11 S&P 500 sectors ended lower, with 79.2% of the index’s constituents closing in the red. Energy (-2.63%), industrials (-1.47%) and financials (-1.34%) were among the worst performers, whereas real estate (+0.17%) outperformed. https://t.co/j9VI9UQc7N
  • Gold Price Forecast: XAU/USD Bid on Weak Dollar, Softer Yields -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/market_alert/2021/05/18/gold-price-forecast-xau-usd-bid-on-weak-dollar-softer-yields.html $XAUUSD $GLD $GC_F https://t.co/Cs94yiNhfI
  • The US Dollar is losing ground against a few ASEAN counterparts. USD/SGD, USD/IDR and USD/PHP seem to be maintaining a downside bias. USD/THB may rise. Get your market update from @ddubrovskyFX here:https://t.co/I2oeWXMFLc https://t.co/C49ElPMI7l
  • Treasury Sec. Yellen: - Investments and tax proposals in "Jobs Plan" will enhance net profitability of corporations, improve global competitiveness - These are investments to make the economy more competitive and sustainable
  • Treasury Sec. Yellen: - Corporate sector must bear its fair share, plan to return corporate tax toward the historical norm - We will target incentives for companies to move funds, operations overseas
  • Treasury Sec. Yellen: - We must improve public R&D to maintain America's technological edge - We must build support systems to improve quality of life and opportunities for those most impacted by wealth inequality
  • Treasury Sec. Yellen: - We must reorient the framing of US fiscal policy - Poor US fiscal policy has meant infrastructure wasn't maintained or modernized
  • Treasury Sec. Yellen: - Innovation required from public & private sector to improve the economy - We must invest in public infrastructure and institutions that drive productivity
  • Treasury Sec. Yellen: - Wage gains and profits have benefitted the top families in America - Middle class families have faced wage stagnation
US Dollar Technical Analysis: Sellers Take a Breather

US Dollar Technical Analysis: Sellers Take a Breather

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis– Prices moved lower as expected after putting in a Bearish Engulfing candlestick pattern. Sellers have now overcome the 38.2% Fibonacci retracement at 10510, exposing the 50% level at 10397. Near-term resistance is at 10576, marked by the March 11 high and a broken rising trend line set from December 2012. A move back above that eyes the 23.6% Fib at 10650.

dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: Sellers Take a Breather

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

Related Articles

Oil Price Forecast: Crude Oil Rally at Risk as WTI Stalls at Resistance
Oil Price Forecast: Crude Oil Rally at Risk as WTI Stalls at Resistance
2021-05-18 19:00:00
USD/CAD Technical Outlook: Hitting 6-Year Lows in Search of Support
USD/CAD Technical Outlook: Hitting 6-Year Lows in Search of Support
2021-05-18 12:30:00
Canadian Dollar Forecast: USD/CAD Seven-Week Plunge Searches Support
Canadian Dollar Forecast: USD/CAD Seven-Week Plunge Searches Support
2021-05-17 18:00:00
USD Technical Analysis: DXY Poised to Hit Yearly Low or Worse
USD Technical Analysis: DXY Poised to Hit Yearly Low or Worse
2021-05-17 12:30:00
Advertisement