Daily Report

September 22nd 2021: Dollar Movement Unchanged Ahead of FOMC Meeting
- September 21, 2021
Charts: Trading View EUR/USD: (Italics: previous analysis) Dollar movement Tuesday—according to the US dollar index—finished considerably off session lows (93.05), forming what many technicians label a hammer candlestick pattern on the daily timeframe (bullish signal). EUR/USD, given its negative correlation with the DXY, concluded in the shape of a shooting star candle pattern on the
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September 21st 2021: EUR/USD Eyes H1 Prime Resistance at $1.1767-1.1776 After $1.17 Support
- September 20, 2021
Charts: Trading View EUR/USD: (Italics: previous analysis) Technical studies reveal movement hovering north of prime support at $1.1473-1.1583 on the weekly timeframe. Gleaning additional technical confluence through a 100% Fib projection at $1.1613 and 1.27% Fib extension at $1.1550, this base remains a key watch, long term. With respect to trend on the weekly chart,
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Weekly Technical Market Insight: 20th – 24th September 2021
- September 18, 2021
Charts: Trading View US Dollar Index (Daily Timeframe): Deprived of resistance, the US dollar pencilled in a second consecutive gain last week, adding 0.7 percent, according to the US dollar index. Support from 91.78-91.96 has proved persistent since the beginning of July, withstanding three successive downside attempts—the latest being early September. Dollar bulls, as you
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September 17th 2021: GBP/USD H4 Prime Support at $1.3689-1.3724 Likely Eyed
- September 16, 2021
Charts: Trading View EUR/USD: (Italics: previous analysis) Prime support on the weekly timeframe resides at $1.1473-1.1583—sharing space with a 100% Fib projection at $1.1613 as well as a 1.27% Fib extension at $1.1550. Interestingly, long-term stops likely rest south of the $1.1640ish lows and perhaps accommodate enough energy to fill $1.1473-1.1583 bids. To the upside,
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September 15th 2021: GBP/USD Downside Eyeing Space South of $1.38 to $1.3751
- September 14, 2021
Charts: Trading View EUR/USD: (Italics: previous analysis) Prime support on the weekly timeframe resides at $1.1473-1.1583—sharing space with a 100% Fib projection at $1.1613 as well as a 1.27% Fib extension at $1.1550. Interestingly, long-term stops likely rest south of the $1.1640ish lows and perhaps accommodate enough energy to fill $1.1473-1.1583 bids. To the upside,
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September 14th 2021: USD/JPY Eyes Space North of ¥110, Targeting Daily Resistance at ¥110.86-110.27
- September 13, 2021
Charts: Trading View EUR/USD: (Italics: previous analysis) Prime support on the weekly timeframe resides at $1.1473-1.1583—sharing space with a 100% Fib projection at $1.1613 as well as a 1.27% Fib extension at $1.1550. Interestingly, long-term stops likely rest south of the $1.1640ish lows and perhaps accommodate enough energy to fill $1.1473-1.1583 bids. To the upside,
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Weekly Technical Market Insight: 13th – 17th September 2021
- September 11, 2021
Charts: Trading View US Dollar Index: The US dollar—according to the US dollar index—staged a comeback last week, snapping a two-week bearish phase. Supply-turned demand at 91.13-87.76 remains the centre of attention on the monthly timeframe, underpinning this year’s USD advance. In terms of trend, the greenback has been higher since bottoming in 2008. Though
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September 10th 2021: Technical Market Insight
- September 9, 2021
Charts: Trading View Brief Economic Review: The European Central Bank left interest rates unchanged, though did state that over the coming quarter it would ‘moderately’ cut back on PEPP purchases. The question is what is moderate? Weekly initial unemployment claims out of the US slipped to 310,000 versus economist forecasts of around 335,000. EUR/USD: (Unchanged
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September 9th 2021: Technical Market Insight
- September 8, 2021
Charts: Trading View EUR/USD: Technical observations out of the monthly chart reveal large-scale support at $1.1816-1.1299, though prime support rests at $1.1473-1.1583 which happens to share chart space with a 100% Fib projection at $1.1613. This echoes a technically bullish picture, placing the retracement slide on the daily timeframe from late July tops at $1.1909ish
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September 8th 2021: GBP/USD Bid Between $1.3774 and $1.3787; Possibly Eyes Space North of $1.38
- September 7, 2021
Charts: Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited, though serves as guidance to potential longer-term moves) South of ascending support-turned resistance, taken from the low $1.1641, June’s 3.0 percent loss persuaded EUR/USD to retest support from $1.1857-1.1352. A bullish revival shines light on 2021 peaks at $1.2349. Month to
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September 7th 2021: AUD/USD Eyeing Possible Test of H4 Decision Point at $0.7393-0.7410
- September 6, 2021
Charts: Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited, though serves as guidance to potential longer-term moves) South of ascending support-turned resistance, taken from the low $1.1641, June’s 3.0 percent loss persuaded EUR/USD to retest support from $1.1857-1.1352. A bullish revival shines light on 2021 peaks at $1.2349. Month to
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Weekly Technical Market Insight: 6th – 10th September 2021
- September 4, 2021
Charts: Trading View US Dollar Index (Daily Timeframe): The US dollar—measured by the US dollar index—extended losses last week, down 0.6 percent. Back-to-back weekly declines, south of a Fibonacci cluster (resistance) between 94.07 and 93.90, pulled the benchmark to within reach of July 30th low at 91.78. A subsequent drop this week (taking out 91.78
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