• 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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  • Weekly Technical Market Insight: 11th – 15th May 2020

    Weekly Technical Market Insight: 11th – 15th May 2020

    • May 10, 2020

    US Dollar Index: The US dollar index, measured by factoring in the exchange rates of six major world economies, staged a vigorous recovery in the early stages of the week. Things turned sour mid-session, however, encountering strong headwinds off 100.40, with Friday’s candle reclaiming much of the earlier growth and closing at its lows. Technicians

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  • Weekly Technical Market Insight: 4th – 8th May 2020

    Weekly Technical Market Insight: 4th – 8th May 2020

    • May 3, 2020

    US Dollar Index: The US dollar index, or DXY, found thin air above 100.00 last week, finishing the session sub 99.00, lower by 1.60%. Technical pattern traders will note the sprightly pullback pencilled in the final leg of a double-top scenario off 100.88, with Friday tunnelling through the neckline of the formation (98.82). Within the

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  • Weekly Technical Market Insight: 27th April – 1st May 2020

    Weekly Technical Market Insight: 27th April – 1st May 2020

    • April 26, 2020

    US Dollar Index: Having recently pencilled in a v-shaped bottom a few points off demand at 98.18/98.65, the US dollar index (DXY) finished the week in positive territory (+0.58%), though off best levels Friday. Although reasonably snug above the 100.00 handle, the DXY is closing in on eye-catching supply from 101.79/101.00. On top of this,

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