Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
USD is Higher Ahead of FOMC Meeting Minutes

USD is Higher Ahead of FOMC Meeting Minutes

Information is not investment advice

4H Chart        

USD H4.png

Daily Chart

USD d.png

The US Dollar Index bounced back at the first trading day of the week after a long weekend. The index managed to stabilize above the 92.0 support area right before the US opening bell and spiked all the way to 92.60’s. Despite yesterday’s rally, the technical indicators remain overbought on most timeframes, especially on the daily chart, which doesn’t support the idea of further gains ahead. Moreover, all eyes are at the FOMC Meeting Minutes today, which might be the catalyst for another short-term retracement to the downside. We still prefer to wait for such retracement. Chasing the current rally would be risky in the short-term. 

S3

S2

S1

Pivot

R1

R2

R3

91.09

91.75

92.15

92.40

92.80

93.06

93.72

LOG IN

Similar

How will ECB Drive EUR?

What will happen? The European Central Bank will present the monetary policy statement on June 22…

USD/CAD Reversal Pattern

After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.

Popular

New Trend in Tech Stocks?

When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.

EUR/USD Holding After ECB Decision

EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later