Forex Analysis: US Dollar Classic Technical Report 01.29.2013

RELATED QUOTES

SymbolPriceChange
^USDOLLAR12,341.94+14.51

Prices are put in a Shooting Star candlestick below resistance marked by the 61.8% Fibonacci expansion (10181) and a rising channel top (10191), hinting a move lower is ahead. Initial support is at 10153, the 50% level, with a break below that targeting the 38.2% Fib at 10124. Alternatively, a push above resistance aims for the 76.4% expansion at 10216.

Forex_Analysis_US_Dollar_Classic_Technical_Report_01.29.2013_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 01.29.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

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    Market Data

    • Currencies
      Currencies
      NamePriceChange% Chg
      1.4200+0.0023+0.16%
      USDSGD=X
      1.5044-0.0001-0.01%
      EURSGD=X
      1.7699+0.0035+0.20%
      GBPSGD=X
      79.7920+0.028+0.04%
      SGDJPY=X
      5.4627-0.0087-0.16%
      SGDHKD=X
      3.1409-0.0027-0.09%
      SGDMYR=X
      9,433.5537-16.6973-0.18%
      SGDIDR=X
      4.8401-0.0086-0.18%
      SGDCNY=X
      1.0909+0.0014+0.13%
      AUDSGD=X
    • Commodities
      Commodities
      NamePriceChange% Chg
      1,236.30-5.30-0.43%
      GCJ17.CMX
      18.01-0.06-0.33%
      SIH17.CMX
      92.56-1.90-2.01%
      ^XAU
      2.75+0.03+1.16%
      HGH17.CMX
      53.98+0.23+0.43%
      CLJ17.NYM
    • Bonds
      Bonds
      TreasuryYield (%)Yield Change
      1.91-0.03
      ^FVX
      2.42-0.03
      ^TNX
      3.03-0.02
      ^TYX