• Weekly Technical Market Insight: 6th – 10th July 2020

    Weekly Technical Market Insight: 6th – 10th July 2020

    • July 4, 2020

    US Dollar Index: The recovery from daily support at 95.84 and daily AB=CD pattern completion at 96.16 (the latter is regarded as a basic bullish configuration among harmonic traders) has placed price action within close proximity to daily supply at 98.18/98.65. Traders will also note the recovery is establishing what appears to be a bear

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  • Weekly Technical Market Insight: 29th – 3rd July 2020

    Weekly Technical Market Insight: 29th – 3rd July 2020

    • June 28, 2020

    US Dollar Index: The recent recovery from daily support at 95.84, accompanied by a daily AB=CD pattern at 96.16, with the latter regarded as a basic bullish configuration among harmonic traders, witnessed last week’s action put forward a prominent weekly lower shadow, suggesting additional recovery gains could be in store. Seen overhead, however, daily supply

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  • Weekly Technical Market Insight: 22nd – 26th June 2020

    Weekly Technical Market Insight: 22nd – 26th June 2020

    • June 20, 2020

    US Dollar Index: The rebound from daily support at 95.84 and recent completion of a daily AB=CD pattern at 96.16, regarded as a basic bullish configuration among harmonic traders, witnessed additional recovery gains last week. Finishing the week +0.6%, the US dollar index, or DXY, could experience a further surge in demand this week until

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  • Black and White Technical Report: The Week Beginning 15/06/2020

    Black and White Technical Report: The Week Beginning 15/06/2020

    • June 14, 2020

    XJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.

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  • Weekly Technical Market Insight: 15th – 19th June 2020

    Weekly Technical Market Insight: 15th – 19th June 2020

    • June 14, 2020

    US Dollar Index: Renewed upside momentum, fed by daily support at 95.84, watched the US dollar index (DXY) snap a three-week losing streak to close at +0.14%. Support also benefitted from the completion of a daily AB=CD pattern at 96.16, regarded as a bullish configuration among harmonic traders. The rebound from support, according to the

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  • Weekly Technical Market Insight: 8th – 12th June 2020

    Weekly Technical Market Insight: 8th – 12th June 2020

    • June 7, 2020

    US Dollar Index: The US Dollar Index (DXY), a measure of the buck’s value against a basket of six major currencies, nosedived 1.4% last week, recording its third successive weekly decline. Recent trade, by way of eight consecutive daily bearish candles, sliced through the lower limit of a bearish pennant configuration (98.27), subsequently taking on

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  • Black and White Technical Report: The Week Beginning 08/06/2020

    Black and White Technical Report: The Week Beginning 08/06/2020

    • June 7, 2020

    XJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.

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  • Weekly Technical Market Insight: 1st – 5th June 2020

    Weekly Technical Market Insight: 1st – 5th June 2020

    • May 31, 2020

    US Dollar Index: Following a timid start off best levels a few points ahead of 100.00, buyers fazed into the background last week. Erasing 1.5%, the US dollar index, or DXY, extended losses for a second successive week and penetrated heavy-duty support on the daily timeframe. Thursday cut through the lower limit of a bearish

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  • Weekly Technical Market Insight: 25th – 29th May 2020

    Weekly Technical Market Insight: 25th – 29th May 2020

    • May 24, 2020

    US Dollar Index: Down 0.5%, the US dollar index, or DXY, witnessed buyers take a back seat last week, snapping a two-week winning streak. On the technical front, supply at 101.79/101.00 is located in an ideal site to facilitate a fakeout setting above tops at around 100.88 this week. It was stressed in the previous

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  • May 20th 2020: Cable Exhibiting Weak Technical Tone Ahead of Inflation Data

    May 20th 2020: Cable Exhibiting Weak Technical Tone Ahead of Inflation Data

    • May 19, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) March, evident from the monthly chart, left behind a long-legged doji indecision candle, with its extremes crossing paths with heavyweight supply at 1.1857/1.1352 (intersects with a long-term trendline resistance [1.6038]) and demand at 1.0488/1.0912. April, as

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  • May 19th 2020: Upbeat Risk Sentiment Sends DXY Sailing Back Through 100.00

    May 19th 2020: Upbeat Risk Sentiment Sends DXY Sailing Back Through 100.00

    • May 18, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) March, evident from the monthly chart, left behind a long-legged doji indecision candle, with its extremes crossing paths with heavyweight supply at 1.1857/1.1352 (intersects with a long-term trendline resistance [1.6038]) and demand at 1.0488/1.0912. April, as

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  • Weekly Technical Market Insight: 18th – 22nd May 2020

    Weekly Technical Market Insight: 18th – 22nd May 2020

    • May 17, 2020

    US Dollar Index: Over the course of last week, the US dollar index, or DXY, gained speed, recording its second successive weekly gain and adding 1.27%. Double-top resistance (blue arc) at 100.88, particularly after having its neckline broken at 98.82 (April 15 low), has likely lured sellers into play. Unfortunately, with price action concluding the

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