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
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
GBP/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
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
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • RT @LizAnnSonders: GDPNow for Q4 from @AtlantaFed now at 2%, at top end of #BlueChipConsensus https://t.co/1ds63mLqxH
  • 🇺🇸 USD Consumer Credit (OCT), Actual: 18.91B Expected: $16.000b Previous: $9.513b https://www.dailyfx.com/economic-calendar#2019-12-06
  • Heads Up:🇺🇸 USD Consumer Credit (OCT) due at 20:00 GMT (15min), Actual: N/A Expected: $16.000b Previous: $9.513b https://www.dailyfx.com/economic-calendar#2019-12-06
  • Spot FX Update: $EUR 1.1056 $JPY 108.5670 $GBP 1.3139 $CAD 1.3263 $CHF 0.9899
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.09% Gold: -1.09% Silver: -2.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tXVk1UGkMi
  • After an incredibly quiet November, the stock market has continued to record levels. Get your market update from @PeterHanksFX here: https://t.co/LMjHf0xkgn https://t.co/4CQzuvHGRU
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.09%, while traders in France 40 are at opposite extremes with 78.67%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wAXEIzWGVz
  • The 5-week ATR on $AUDUSD is the lowest since November 2002. This pair is ready for a breakout...and breakthrough or cascade on US-China trade war could provide it https://t.co/Ort3VHmnfW
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.20% US 500: 0.99% France 40: 0.12% Germany 30: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LKKY8imctK
  • Poll: What do you think the most market-moving event will be next week (leaving out Dec 15 US increase of tariffs on China as that is Sunday):
US Dollar Technical Analysis: 2014 High Marks Resistance

US Dollar Technical Analysis: 2014 High Marks Resistance

2014-09-05 05:40:00
Ilya Spivak, Sr. Currency Strategist
Share:

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

Talking Points:

The Dow Jones FXCM US Dollar Indexis attempting to extend yesterday’s dramatic upswing, touching the highest level in 12 months. A daily close above the 10749-56 area marked by the January 2014 high and the 123.6% Fibonacci expansion exposes the 138.2% level at 10777. Alternatively, a turn below the 100% Fib at 10703 clears the way for a test of the 76.4% expansion at 10657.

We remain broadly bullish on the US Dollar against its leading counterparts in line with ourlong-term fundamental outlook. As such, we remain long via theMirror Trader US Dollar currency basket.

US Dollar Technical Analysis: 2014 High Marks Resistance

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

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

DISCLOSURES

News & Analysis at your fingertips.