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
EUR/USD
Bullish
Oil - US Crude
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
Wall Street
Bullish
Gold
Mixed
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
More View more
Real Time News
  • 🇩🇪 Balance of Trade (MAY) Actual: €7.1B Previous: €3.6B https://www.dailyfx.com/economic-calendar#2020-07-09
  • 🇩🇪 Balance of Trade (MAY) Actual: €7.1B Previous: €3.5B https://www.dailyfx.com/economic-calendar#2020-07-09
  • 🇩🇪 Balance of Trade s.a (MAY) Actual: €7.6B Expected: €5.2B Previous: €3.2B https://www.dailyfx.com/economic-calendar#2020-07-09
  • Heads Up:🇩🇪 Balance of Trade (MAY) due at 06:00 GMT (15min) Previous: €3.5B https://www.dailyfx.com/economic-calendar#2020-07-09
  • Heads Up:🇩🇪 Balance of Trade s.a (MAY) due at 06:00 GMT (15min) Expected: €5.2B Previous: €3.2B https://www.dailyfx.com/economic-calendar#2020-07-09
  • Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN. Get your $USDMXN market update from @ZabelinDimitri and @FxWestwater here:https://t.co/oCRV13zbF0 https://t.co/9VKH7CHB8Y
  • RT @DanielGMoss: $USDCNH: RSI registers oversold reading for the first time since the US-China 'phase one' trade deal in January. $USD $CNH…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.94%, while traders in US 500 are at opposite extremes with 72.37%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/plFxRXM0uT
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.32% 🇨🇭CHF: 0.18% 🇳🇿NZD: 0.17% 🇦🇺AUD: 0.12% 🇨🇦CAD: 0.07% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/7LQ64GzSvX
  • A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model. Get your market update from @ZabelinDimitri here:https://t.co/n6zwlZJmGO https://t.co/rYkYIIVNQJ
US Dollar Technical Analysis: Continued Gains Hinted Ahead

US Dollar Technical Analysis: Continued Gains Hinted Ahead

2015-01-07 03:58:00
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 Index appears poised to continue higher after prices edged past yet another layer of chart resistance. A daily close above the 61.8% Fibonacci expansionat 11719 exposes the 76.4% level at 11807. Alternatively, a reversal below the 50% Fib at 11648 opens the door for a challenge of the 38.2% expansion at 11577.

Our long-term fundamental outlook calls for a broadly stronger US Dollar against its major currency counterparts. With that in mind, we are holding long via theMirror Trader US Dollar currency basket.

US Dollar Technical Analysis: Continued Gains Hinted Ahead

Daily Chart - Created Using FXCM Marketscope

** 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.