• Technical Take: USD Support in Play across Key Timeframes

    Technical Take: USD Support in Play across Key Timeframes

    • January 26, 2025

    According to the US Dollar (USD) Index, the USD finished the week on the ropes, down 1.8%. Despite the growing sense that US President Trump may not live up to the hype of his pre-inauguration statements – placing a question mark on USD upside – technical studies appear to favour bulls. Long-Term Technicals Favour Bulls

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  • Index and Commodities Trading Week Beginning 27/01/2025

    Index and Commodities Trading Week Beginning 27/01/2025

    • January 26, 2025

    XJO WEEKLY Price structure: Breakout The 8385 level has remained the key resistance level to cross for the XJO 200 to remain bullish. A continued breakout above this level would be a significant bullish signal, attracting more buyers into the market and driving prices higher. Market participants will be closely monitoring the price action around

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  • The Pattern Pulse – 23 January 2025

    The Pattern Pulse – 23 January 2025

    • January 23, 2025

    Your weekly outlook of technical patterns. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Inverted Head and Shoulders Pattern on NZD/USD Daily Timeframe: Versus the US dollar (USD), the New Zealand dollar (NZD) has been on the ropes since October 2024, with rallies swiftly sold.

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  • Index and Commodities Trading Week Beginning 20/01/2025

    Index and Commodities Trading Week Beginning 20/01/2025

    • January 19, 2025

    XJO WEEKLY Price structure: Retest lower The  Index is moving between to key levels of 8083 operating as Support and 8385 as Resistance. The current risk is a breakdown of the Index through support, at the 8083 level. Should this support fail, it would indicate a potential shift in market sentiment, possibly leading to further declines

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  • Week Ahead: US CPI Inflation Takes Centre Stage

    Week Ahead: US CPI Inflation Takes Centre Stage

    • January 12, 2025

    2025 is well and truly underway. Welcome to the first ‘week ahead’ edition! The December 2024 US employment situation report crowned last week’s busy economic data slate. Non-farm payrolls surprised to the upside, with the economy adding 256,000 new jobs from November’s downwardly revised reading of 212,000. December’s print comfortably surpassed the market’s median expectation

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  • Index and Commodities Trading Week Beginning 13/01/2025

    Index and Commodities Trading Week Beginning 13/01/2025

    • January 12, 2025

    XJO WEEKLY Price structure: Retest higher As anticipation mounts about an interest rate cut in Australia and the coming US presidential inauguration, markets appear to be in a consolidation phase waiting for some further direction. The XJO Weekly chart shows a retest of the 8385-level taking place, resulting in two opposing hammer bars. This pattern,

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  • The Pattern Pulse – 9 January 2025

    The Pattern Pulse – 9 January 2025

    • January 9, 2025

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Dollar Index Testing Major Resistance Monthly Timeframe: According to the US Dollar Index, the US dollar (USD) has started 2025 reasonably strongly, up 0.6%. Following a rebound just north

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  • EUR/USD Probing Lower; Eyeing 2022 Levels!

    EUR/USD Probing Lower; Eyeing 2022 Levels!

    • January 8, 2025

    The EUR/USD currency pair (euro versus the US dollar) is on track to engulf early January (2025) lows from US$1.0224 and test levels not seen since 2022. Price has exhibited an unmistakable downtrend since September 2024, establishing a series of lower lows and lower highs. Interestingly, traders have noticeably shorted rallies and used the space

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  • DOG/USD Rebounds from Key Ichimoku Support; Are Traders Awaiting Confirmation?

    DOG/USD Rebounds from Key Ichimoku Support; Are Traders Awaiting Confirmation?

    • January 7, 2025

    Following an all-time high of US$0.4671 in early December 2024, Dogecoin (DOG) had printed a correction versus the US dollar (USD) and rebounded from the Ichimoku Cloud Support area. This support zone was formed following the Ichimoku’s Leading Span A (light green at US$0.3576) crossing above the Leading Span B (light orange at US$0.2965) in

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  • Index and Commodities Trading Week Beginning 06/01/2025

    Index and Commodities Trading Week Beginning 06/01/2025

    • January 5, 2025

    XJO WEEKLY Price structure: 2nd Inside range This Weekly XJO displays a 2nd Inside range, with a high close within the range, this current phase suggests that the market is currently in a state of equilibrium, with buyers and sellers in a stalemate. This pattern is often indicative of a period of indecision in the market.

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  • Index and Commodities Trading Week Beginning 30/12/2024

    Index and Commodities Trading Week Beginning 30/12/2024

    • December 29, 2024

    XJO WEEKLY Price structure: Holds support The Index has set an inside range as it holds support, indicating a potential consolidation phase before the next directional move. This inside range formation suggests that the market is currently indecisive, with neither buyers nor sellers taking strong control. Traders will be closely watching for a breakout from this

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  • Index and Commodities Trading Week Beginning 23/12/2024

    Index and Commodities Trading Week Beginning 23/12/2024

    • December 22, 2024

    XJO WEEKLY Price structure: Impulsive Bearish Candle With last week’s strong impulsive move testing the 8083-support level and the lower channel line and setting a Fake out low (FO). The Index may find further support at this level as a test of the Sellers to follow through as this final bar is an extended range

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