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
Mixed
Oil - US Crude
Mixed
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
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/DnhrJbED31
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.05% 🇪🇺EUR: -0.06% 🇬🇧GBP: -0.16% 🇨🇦CAD: -0.24% 🇳🇿NZD: -0.25% 🇦🇺AUD: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aUYQpPZ3SR
  • Heads Up:🇸🇪 Unemployment Rate (DEC) due at 08:30 GMT (15min) Previous: 7.7% https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇭🇺 Unemployment Rate (DEC) Actual: 4.2% Previous: 4.4% https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇪🇸 Unemployment Rate (Q4) Actual: 16.13% Expected: 16.6% Previous: 16.26% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.26% US 500: -0.53% France 40: -1.04% FTSE 100: -1.13% Germany 30: -1.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MC5E3xsNyl
  • Heads Up:🇪🇸 Unemployment Rate (Q4) due at 08:00 GMT (15min) Expected: 16.6% Previous: 16.26% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇭🇺 Unemployment Rate (DEC) due at 08:00 GMT (15min) Previous: 4.4% https://www.dailyfx.com/economic-calendar#2021-01-28
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/9ZtLWT9HEU
  • 🇨🇭 Balance of Trade (DEC) Actual: CHF3.05B Previous: CHF3.08B https://www.dailyfx.com/economic-calendar#2021-01-28
Forex: US Dollar Technical Analysis – Familiar Swing Top Tested

Forex: US Dollar Technical Analysis – Familiar Swing Top Tested

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis Prices recovered from support at 10650, the August 8 low, taking out resistance atthe 23.6% Fibonacci expansion (10708). Bulls are now testing the 38.2% level at 10744, with a push above this exposing the 50% Fib at 10774. The 10708 mark has been recast as near-term support, with a move back beneath that eyeing 10650 anew.

Don’t have access to the Dow Jones FXCM US Dollar Index? Try the USD basket via Mirror Trader as an alternative. **

dailyclassics_us_dollar_index_body_Picture_4.png, Forex: US Dollar Technical Analysis – Familiar Swing Top Tested

Daily Chart - Created Using FXCM Marketscope 2.0

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

--- 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