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
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
Oil - US Crude
Mixed
Wall Street
Mixed
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
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.06% 🇨🇭CHF: -0.23% 🇪🇺EUR: -0.44% 🇳🇿NZD: -0.81% 🇨🇦CAD: -0.85% 🇦🇺AUD: -0.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Wu0138vYZ6
  • Heads Up:🇨🇭 CHF PMI Manufacturing (MAR) due at 07:30 GMT (15min), Actual: N/A Expected: 42.2 Previous: 49.5 https://www.dailyfx.com/economic-calendar#2020-04-01
  • The $SGD is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it. Get your SGD market update from @ddubrovskyFX here:https://t.co/eWLM9XZs5Y https://t.co/pv84Pb24RZ
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -2.85% US 500: -2.87% France 40: -2.93% Germany 30: -3.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uUGqNVf8KZ
  • European Opening Calls From IG: #FTSE 5476 -3.45% #DAX 9620 -3.18% #CAC 4264 -3.01% #AEX 467 -3.32% #MIB 16603 -2.63% #IBEX 6597 -2.78% #OMX 1440 -2.89% #STOXX 2700 -3.11%
  • 🇪🇺 EUR German Retail Sales (YoY) (FEB), Actual: 6.4% Expected: 1.5% Previous: 1.8% https://www.dailyfx.com/economic-calendar#2020-04-01
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/JFIG7O1e2x
  • Heads Up:🇪🇺 EUR German Retail Sales (YoY) (FEB) due at 06:00 GMT (15min), Actual: N/A Expected: 1.5% Previous: 1.8% https://www.dailyfx.com/economic-calendar#2020-04-01
  • A tidal wave of cash waits to return to virus-battered assets, backstopped by huge stimulus. It is unlikely to deploy until infection slows, whatever the US administration prefers. Get your market update from @DavidCottleFX here: https://t.co/OWOi2HxejD https://t.co/oSaImLHSv5
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.69%, while traders in US 500 are at opposite extremes with 72.84%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/F662hrVIJs
Forex: US Dollar Technical Analysis – Two-Year Uptrend Back On?

Forex: US Dollar Technical Analysis – Two-Year Uptrend Back On?

2013-09-04 01:42:00
Ilya Spivak, Head Strategist, APAC
Share:

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Break of 2-month trend resistance hints at resumption of uptrend from August 2011
  • Near-term resistance now at 10828 (50% Fib); break above that eyes 10870 (61.8% Fib)
  • Support is now at 10785 (38.2% Fib), followed by the channel top now at 10763

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_3.png, Forex: US Dollar Technical Analysis – Two-Year Uptrend Back On?

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

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.