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
Oil - US Crude
Bearish
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/3:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here: https://t.co/hsULxMNOtM https://t.co/9PL0a6oCMD
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.20% Gold: -0.32% Silver: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gMZdyMsJMi
  • $AUD May Fall on Australia-China Tensions, #Euro Eyes €500b Proposal - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/05/25/AUD-May-Fall-on-Australia-China-Tensions-Euro-Eyes-500b-Proposal.html EUR/AUD forecast included
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.08% 🇬🇧GBP: 0.07% 🇯🇵JPY: -0.02% 🇦🇺AUD: -0.05% 🇨🇭CHF: -0.08% 🇪🇺EUR: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/WlCujJCWkP
  • LIVE NOW: Join DailyFX Senior Strategist @IlyaSpivak LIVE as he discusses the outlook for the financial markets in the week ahead! https://www.dailyfx.com/webinars/889679267
  • The Australian Dollar market is headed for a bare domestic data cupboard which will once again leave overall market risk appetite in charge. Get your $AUDUSD market update from @DavidCottleFX here: https://t.co/PaURQyZN79 https://t.co/XGcZEGFX91
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.12%, while traders in US 500 are at opposite extremes with 79.33%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6yxLb0Zhsi
  • AUD/USD Technical Analysis: False Break Higher to Mark Top? - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2020/05/25/AUDUSD-Technical-Analysis-False-Break-Higher-to-Mark-Top.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #technicalanalysis https://t.co/8mOURfT0hp
  • LIVE IN 30 MIN: Join DailyFX Senior Strategist @IlyaSpivak LIVE as he discusses the outlook for the financial markets in the week ahead! https://www.dailyfx.com/webinars/889679267
  • China set the #USDCNY daily reference rate at 7.1209 vs 7.0939 on Friday, weakest since 2008. #China
US Dollar Technical Analysis: Buyers Poised to Extend Advance

US Dollar Technical Analysis: Buyers Poised to Extend Advance

2014-11-24 05:37:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points:

The Dow Jones FXCM US Dollar Indexlooks poised to push to new year-to-date highs having cleared yet another layer of chart resistance. A daily close above the 38.2% Fibonacci expansion at 11374 exposes the 50% level at 11422. Alternatively, a reversal below the 23.6% Fib at 11315 clears the way for a test of the 14.6% expansion at 11278.

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: Buyers Poised to Extend Advance

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.