Advertisement
Singapore markets close in 2 hours 13 minutes

  • Straits Times Index

    3,278.98
    -14.15 (-0.43%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,221.74
    +20.47 (+0.12%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,215.85
    -2,544.94 (-3.81%)
     

  • CMC Crypto 200

    1,391.05
    +8.47 (+0.61%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,332.30
    -6.10 (-0.26%)
     

  • Crude Oil

    82.85
    +0.04 (+0.05%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,570.25
    -1.23 (-0.08%)
     

  • Jakarta Composite Index

    7,153.58
    -20.95 (-0.29%)
     

  • PSE Index

    6,586.78
    +14.03 (+0.21%)
     

Forex Analysis: US Dollar Classic Technical Report 11.08.2012

Ilya Spivak

Prices continue to flirt with 9963, the 38.2% Fibonacci retracement. A move lower from here aims to target 9864-79 area, marked by a rising channel bottom set from mid-September and a falling channel top established from the June 1 high. Resistance is at 10002, with a break above that aiming for the 50% Fib at 10032.

Forex_Analysis_US_Dollar_Classic_Technical_Report_11.08.2012_body_Picture_5.png, Forex Analysis: US Dollar Classic Technical Report 11.08.2012
Forex_Analysis_US_Dollar_Classic_Technical_Report_11.08.2012_body_Picture_5.png, Forex Analysis: US Dollar Classic Technical Report 11.08.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.