MENU

Daily Report

  • February 24th 2021: Dollar Stabilises After Powell to End Mostly Unchanged; Pound Clocks Three-Year High

    February 24th 2021: Dollar Stabilises After Powell to End Mostly Unchanged; Pound Clocks Three-Year High

    • February 23, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) February, as you can see, remains considerably off worst levels and recently entered positive territory, trading 0.1 percent higher. Closing the month out at current prices, in the form of a

    READ MORE
  • February 23rd 2021: Dollar Remains on the Ropes, Clocking Multi-Year Lows Against GBP and AUD

    February 23rd 2021: Dollar Remains on the Ropes, Clocking Multi-Year Lows Against GBP and AUD

    • February 22, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) February, as you can see, remains considerably off worst levels and recently entered positive territory, trading 0.2 percent higher. Closing the month out at current prices, in the form of a

    READ MORE
  • Weekly Technical Market Insight: 22nd – 26th February 2021

    Weekly Technical Market Insight: 22nd – 26th February 2021

    • February 20, 2021

    Note—Charts provided by Trading View US Dollar Index (Daily Timeframe): The US dollar, as measured by the US dollar index, settled last week mostly unmoved, establishing what many technical analysts refer to as an indecision candle (albeit with a slight edge to sellers). Since early February, sellers claimed the 127.2% Fib projection at 91.44 and

    READ MORE
  • February 19th 2021: Sterling Clocks Fresh 2021 Peaks Amid Dollar Losses

    February 19th 2021: Sterling Clocks Fresh 2021 Peaks Amid Dollar Losses

    • February 18, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) February, as you can see, remains off session lows, though currently trades 0.4 percent lower. Downstream, 1.1857/1.1352 represents demand, while northbound shines light on ascending resistance (prior support – 1.1641). In

    READ MORE
  • February 18th 2021: Greenback Extends Gains Amidst Upbeat Economic Data

    February 18th 2021: Greenback Extends Gains Amidst Upbeat Economic Data

    • February 17, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) February, as you can see, remains off session lows, though currently trades 0.8 percent lower. Downstream, 1.1857/1.1352 represents demand, while northbound shines light on ascending resistance (prior support – 1.1641). In

    READ MORE
  • February 17th 2021: Yields Surge to Fresh 2021 Peaks; DXY Forms Daily Bullish Engulfing Candle

    February 17th 2021: Yields Surge to Fresh 2021 Peaks; DXY Forms Daily Bullish Engulfing Candle

    • February 16, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) February has so far witnessed a healthy floor of bids emerge around the 1.1950 neighbourhood, consequently stirring a hammer formation (though we will not know this until the month concludes). Downstream,

    READ MORE
  • February 16th 2021: Sterling Clocks Fresh Multi-Month Peaks Vs. Dollar Amidst On-going Vaccination Progress

    February 16th 2021: Sterling Clocks Fresh Multi-Month Peaks Vs. Dollar Amidst On-going Vaccination Progress

    • February 15, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) February has so far witnessed a healthy floor of bids emerge around the 1.1950 neighbourhood, consequently stirring a hammer formation (though we will not know this until the month concludes). Downstream,

    READ MORE
  • Weekly Technical Market Insight: 15th – 19th February 2021

    Weekly Technical Market Insight: 15th – 19th February 2021

    • February 13, 2021

    Note—Charts provided by Trading View US Dollar Index (Daily Timeframe): The greenback was on the ropes last week, consequently snapping a two-week bullish phase. Measured by the US dollar index, the buck shed 0.7 percent, following a bearish outside reversal formed on February 5 from a 127.2% Fib projection at 91.44. Friday settling considerably off

    READ MORE
  • February 12th 2021: Risk Continues to Bolster DXY Ahead of 90.00

    February 12th 2021: Risk Continues to Bolster DXY Ahead of 90.00

    • February 11, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) February has witnessed a healthy floor of bids emerge around the 1.1950 neighbourhood, consequently provoking a hammer formation (though we will not know this until the month concludes). To the downside,

    READ MORE
  • February 11th 2021: DXY Finding Respite Ahead of 90.00; EUR, GBP and AUD off Best Levels

    February 11th 2021: DXY Finding Respite Ahead of 90.00; EUR, GBP and AUD off Best Levels

    • February 10, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) February has witnessed a healthy floor of bids emerge around the 1.1950 neighbourhood, consequently provoking a hammer formation (though we will not know this until the month concludes). To the downside,

    READ MORE
  • February 10th 2021: Dollar Index Accelerates Losses and Registers Third Consecutive Session in the Red

    February 10th 2021: Dollar Index Accelerates Losses and Registers Third Consecutive Session in the Red

    • February 9, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) February has witnessed a healthy floor of bids emerge around the 1.1950 neighbourhood, consequently provoking a hammer formation (though we will not know this until the month concludes). To the downside,

    READ MORE
  • February 9th 2021: Dollar Index Remains Depressed Following Friday’s Non-Farm Payrolls

    February 9th 2021: Dollar Index Remains Depressed Following Friday’s Non-Farm Payrolls

    • February 8, 2021

    Note—Charts provided by Trading View EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, and subsequent break of supply at 1.1857/1.1352 in August, EUR/USD, by way of two vigorous back-to-back bullish candles, welcomed 2021 in

    READ MORE

Start trading with a Global Broker

Register Now

Get in touch

  +44 28 2544 7780

  [email protected]

Offices

Sydney

Latest Posts

Start
Trading
in Minutes

Open an account now


bullet Access +10,000 financial instruments
bullet Auto open & close positions
bullet News & economic calendar
bullet Technical indicator & charts
bullet Many more tools included

By supplying your email you agree to FP Markets privacy policy and receive future marketing materials from FP Markets. You can unsubscribe at any time.




Trustpilot



Quick Start & Resources

Markets

Tools & Platforms

Trading Info

About Us

Regulation & Licence

menu-seperator
fp markets logo
Call us:
+61 2 8252 6800

Email:
[email protected]

Social media:


© FP Markets 2024

DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference are derivatives and can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading Derivatives you do not own or have any rights to the derivatives underlying assets

FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.