To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
Prices rose as expected after putting in a bullish Piercing Line candle pattern
Breaking below 10657 (range top) eyes the 10612-18 area (channel, range bottoms)
A turn back above 10685 (38.2% Fib exp.) targets 10723 (50% Fib exp.)
Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **
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
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
Forex: US Dollar Technical Analysis ? Trend Favors Upside Bias
No comments:
Post a Comment