Dollar's Three-Month Uptrend At Risk

By Dailyfx CurrenciesAug 13, 2015 01:48AM ET

www.investing.com/analysis/us-dollar-technical-analysis:-three-month-uptrend-at-risk-261507

Dollar's Three-Month Uptrend At Risk

By Dailyfx | Aug 13, 2015 01:48AM ET

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Talking Points:
US Dollar Technical Strategy: Holding Long via Mirror Trader Basket

Support: 11937, 11898, 11858

Resistance: 11985, 12043, 12149

The Dow Jones FXCM US Dollar Index broke through range support to hit the lowest level in a month. Near-term support is at 11937 (trend line, 38.2% Fibonacci retracement), with a break below that on a daily closing basis exposing the 50% level at 11898. Alternatively, a move above the 23.6% Fib at 11985 opens the door for a challenge of the June 1 high at 12043.

We remain broadly bullish on the US dollar against its leading counterparts in line with our long-term fundamental outlook.

USD Daily Chart

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US 30	43,186.5	-5.5	-0.01%
US 500	5,853.5	+3.6	+0.06%
Dow Jones	43,191.24	-649.67	-1.48%
S&P 500	5,849.72	-104.78	-1.76%
Nasdaq	18,350.19	-497.09	-2.64%
S&P 500 VIX	22.78	+3.15	+16.05%
Dollar Index	106.405	-0.264	-0.25%

Crude Oil WTI	67.82	-0.55	-0.80%
Brent Oil	70.88	-0.74	-1.03%
Natural Gas	4.063	-0.059	-1.43%
Gold	2,908.99	+7.89	+0.27%
Silver	32.325	+0.015	+0.05%
Copper	4.5655	-0.0415	-0.90%
US Soybeans	1,005.38	-5.63	-0.56%

U.S. 10Y	4.165	-0.013	-0.31%
U.S. 30Y	4.469	+0.005	+0.11%
U.S. 5Y	3.967	-0.022	-0.55%
U.S. 3M	4.318	+0.013	+0.30%
US 10Y T-Note	111.45	+0.08	+0.07%
Euro Bund	131.60	-0.03	-0.03%
10-2 Yield Spread	21.37	+0.32	+1.52%

Apple	238.03	-3.81	-1.58%
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Netflix	973.70	-6.86	-0.70%
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Dollar's Three-Month Uptrend At Risk

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