Premium8 468x60 forex
Page 1 of 10 1 2 3 ... LastLast
Results 1 to 10 of 96

US Dollar and GOLD Technical Analysis

This is a discussion on US Dollar and GOLD Technical Analysis within the Forex Trading forums, part of the Trading Forum category; US Dollar Technical Analysis Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 10439 (61.8% ...

      
   
  1. #1
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    US Dollar and GOLD Technical Analysis

    US Dollar Technical Analysis

    Talking Points:

    • US Dollar Technical Strategy: Holding Long via Mirror Trader Basket **
    • Support: 10439 (61.8% Fib exp.), 10475-84 (channel floor, 23.6% Fib ret.)
    • Resistance: 10401 (76.4% Fib exp.), 10339 (100% Fib exp.)


    The Dow Jones FXCM US Dollar Index began to recover as expected afterputting in a bullish Piercing Line candlestick pattern. Initial resistance lines up in the 10473-84 area, marked by the underside of a previously broken falling channel and the 23.6% Fib retracement. A break above the latter barrier targets the 38.2% Fib at 10536. Near-term support is at 10400, the April 10 low.




    --- Written by Ilya Spivak, Currency Strategist for DailyFX.com


    More...

  2. #2
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    US Dollar Technical Analysis

    Talking Points:

    • Support: 10400 (Apr 10 low)
    • Resistance: 10473-84 (channel floor, 23.6% Fib exp.), 10536 (38.2% Fib exp.)


    The Dow Jones FXCM US Dollar Index began to recover as expected afterputting in a bullish Piercing Line candlestick pattern. Initial resistance lines up in the 10473-84 area, marked by the underside of a previously broken falling channel and the 23.6% Fib retracement. A break above the latter barrier targets the 38.2% Fib at 10536. Near-term support is at 10400, the April 10 low.



    --- Written by Ilya Spivak, Currency Strategist for DailyFX.com


    More...

  3. #3
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    USDOLLAR 10500 is Trend Defining Level

    Daily



    -Bottom line, respect downside potential as long as price is below 10500. 10393 is possible support for a low IF a new low is registered. Above 10500 (daily close) would suggest that a tradable low is in place.
    LEVELS: 10355 10393 10420 | 10460 10495 10518


    More...

  4. #4
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    USDOLLAR Crosses 20 Day Average but Slope is Still Down

    Daily



    -Bottom line, respect downside potential as long as price is below 10500. 10385/93 is possible support for a low IF a new low is registered. Above 10500 (daily close) would suggest that an important low has formed.
    LEVELS: 10410 10440 10465 | 10485 10500 10519


    More...

  5. #5
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    USDOLLAR 5th Wave Lower Underway?

    Daily



    -Bottom line, respect downside potential as long as price is below 10500. 10385/93 is possible support for a low IF a new low is registered. Above 10500 (daily close) would suggest that an important low has formed. Wave wise, a new low could complete 5 waves down from 10600.
    LEVELS: 10393 10410 10440 | 10469 10500 10519


    More...

  6. #6
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    USDOLLAR in Middle of Range Within Downtrend before NFP

    Daily



    -Bottom line, respect downside potential as long as price is below 10500. 10385/93 is possible support for a low IF a new low is registered. Above 10500 (daily close) would suggest that an important low has formed. Wave wise, a new low could complete 5 waves down from 10600.

    LEVELS: 10393 10410 10437 | 10469 10500 10519

    More...

  7. #7
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    US Dollar Technical Analysis

    Talking Points:

    • Support: 10375 (double bottom)
    • Resistance: 10472 (channel top), 10495 (support-turned-resistance)


    The Dow Jones FXCM US Dollar Index is attempting to carve out a double bottom at 10375. Near-term resistance is at 10472, marked by the top of a falling channel that has guided the greenback lower since the beginning of the year. A break above that on a daily closing basis initially targets support-turned-resistance at 10495.




    --- Written by Ilya Spivak, Currency Strategist for DailyFX.com


    More...

  8. #8
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    USDOLLAR Returns to Month Open Price

    Daily




    -USDOLLAR has dropped into (and held) 10385. This was estimated support from October 2013 although a more important zone is defined by the June 2012 high and October 2013 low at 10323/55. The top of the zone is also home to the line that extends off of the 2011 and 2012 lows and downward sloping channel support.
    -Exceeding 10495 would suggest that an important low is in place.

    LEVELS: 103131037010408 | 104451049510518

    More...

  9. #9
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    USDOLLAR Doji Puts Brakes on Immediate Breakout

    Daily




    -USDOLLAR has dropped into (and held) 10385. This was estimated support from October 2013 although a more important zone is defined by the June 2012 high and October 2013 low at 10323/55. The top of the zone is also home to the line that extends off of the 2011 and 2012 lows and downward sloping channel support.
    -Exceeding 10495 would suggest that an important low is in place. Near term, today’s doji warns of weakness in the coming days.

    LEVELS: 104101042910445 | 104761049510518


    More...

  10. #10
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,688
    Blog Entries
    413

    US Dollar Technical Analysis

    Talking Points:

    • Support: 10375 (double bottom)
    • Resistance: 10455 (channel top), 10495 (support-turned-resistance)

    The Dow Jones FXCM US Dollar Index may be in the process of confirming a double bottom at 10375, the October 22 close. Confirmation of an upward reversal pattern requires a breach of resistance at 10455, marked by the top of a falling channel that has guided the benchmark currency downward since the beginning of the year. A daily close above this barrier initially targets horizontal support-turned-resistance at 10495.



    --- Written by Ilya Spivak, Currency Strategist for DailyFX.com


    More...

Page 1 of 10 1 2 3 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •