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
Oil - US Crude
Wall Street
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.52%, while traders in US 500 are at opposite extremes with 74.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2zuDQFrljo
  • Fed Discount-Rate Meeting Minutes: - Directors reported noteworthy declines to economic activity, particularly in retail, tourism, and travel industries - Several directors expect jobless rate to increase further in coming months $DXY $SPX
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.48% US 500: 0.58% FTSE 100: 0.16% Germany 30: -0.05% France 40: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/qJvZxDmmST
  • Dow Jones Index strength continues in afternoon trading, as recovery hopes spur risk appetite $DJI https://t.co/4M6CoMdyGn
  • $USDCAD dives to lowest level since March 15 on USD weakness https://t.co/8abAuksdMo
  • #Equities: US futures on the front-foot with market participants returning from their elongated break, which in turn sees the S&P 500 pierce the psychological 3000. Get your #equities market update from @JMcQueenFX here: https://t.co/7O447VkToZ https://t.co/TyXEaPVnbb
  • LIVE NOW: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
  • it's time for the webinar, starting right now https://www.dailyfx.com/webinars/1338844901231735299 https://t.co/gLQFjotDmG
  • Senate Majority Leader McConnell says drop in revenue for States a concern, but national debt is also concerning- BBG
  • LIVE IN 5 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
Dollar's Technical Bearing Sets Stage for EURUSD, AUDUSD, GBPUSD

Dollar's Technical Bearing Sets Stage for EURUSD, AUDUSD, GBPUSD

2016-05-26 02:13:00
John Kicklighter, Chief Strategist

Talking Points:

  • The USDollar's technical picture looks finally balanced between abrupt continuation or imminent reversal
  • Guidance from the index can offer motivation not obvious on some USD-based majors
  • Most of the Dollar pairs have key levels - support or resistance - immediately ahead and a need for motivation

See how retail traders are positioning in the majors using the FXCM SSI readings on DailyFX's sentiment page.

The USDollar index has seen a significant technical transition. What started out as a momentous rally three weeks ago on revived conviction of near-term Fed hikes is now one of the most placid periods the currency has seen in four months. Is this a progressive shift in conviction or simply respite before the bulls revive their run? We take a look at the fundamental considerations, but the emphasis is on the technical boundaries.

With this view of the single currency, we can put into better context a number of key developments for the 'majors'. We have remarkably consistent USD trends similar to what we have seen in the Index from the likes of EUR/USD and AUD/USD. In contrast, there are pairs that are showing little of that same unadulterated momentum such as NZD/USD and USD/JPY.

Further, there are pairs that are facing critical Dollar resistance that can align to the USDollar move as with EUR/USD. In contrast, if the Greenback were to reverse, it would put the likes of GBP/USD in a position for a critical break above its 200-day moving average. We focus on the Dollar with a particular concentration on the currency's and crosses' technicals in today's Strategy Video.

To receive John’s analysis directly via email, please SIGN UP HERE

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


News & Analysis at your fingertips.