Technical Analysis

March 25th 2020: DXY off Worst Levels; Forms Daily Hammer Candlestick Pattern
- March 25, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) In the early stages of March, price manoeuvred EUR/USD into demand-turned supply at 1.1857/1.1352. Leaving long-term trendline resistance (1.6038) unopposed, the unit has since reversed gains and burrowed into demand at 1.0488/1.0912. Sustained downside may eventually
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March 24th 2020: Greenback Stable South of 103.00 as Fed’s Bazooka Shrugged Off
- March 24, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) In the early stages of March, price manoeuvred the pair into demand-turned supply at 1.1857/1.1352. Leaving long-term trendline resistance (1.6038) unopposed, the unit has since reversed gains and burrowed into demand at 1.0488/1.0912. Sustained downside this
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Black and White Technical Report: The Week Beginning 23/03/2020
- March 22, 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: 23rd – 27th March 2020
- March 22, 2020
US Dollar Index (DXY) The US dollar index, measures the value of the greenback against a basket of six major world currencies, experienced rampant demand over the past week, adding 3.3%, a week after the V-shaped recovery from levels not seen since September 2018. The buck’s credentials as a universal currency appear intact. Regardless of whether US
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March 20th 2020: Dollar Index Continues to Flex its Financial Muscle; Eyes 103.00 Handle
- March 20, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of February witnessed EUR/USD revisit the upper limit of demand at 1.0488/1.0912 – a noteworthy area given the momentum derived from its base – and pencil in an appealing (bullish) hammer candlestick pattern. In
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March 19th 2020: Rampant Demand for USD Weighs on Counterparts
- March 19, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of February witnessed EUR/USD revisit the upper limit of demand at 1.0488/1.0912 – a noteworthy area given the momentum derived from its base – and pencil in an appealing (bullish) hammer candlestick pattern. In
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March 18th 2020: DXY Surges to Highs Just South of 100.00
- March 18, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of February witnessed EUR/USD revisit the upper limit of demand at 1.0488/1.0912 – a noteworthy area given the momentum derived from its base – and pencil in an appealing (bullish) hammer candlestick pattern. March,
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March 17th 2020: Fed Monetary Stimulus Fails to Impress Markets
- March 17, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of February witnessed EUR/USD revisit the upper limit of demand at 1.0488/1.0912 – a noteworthy area given the momentum derived from its base – and pencil in an appealing (bullish) hammer candlestick pattern. March,
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Black and White Technical Report: The Week Beginning 16/03/2020
- March 15, 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: 16th – 20th March 2020
- March 15, 2020
US Dollar Index (DXY) The US dollar index, calculated by factoring in the exchange rates of six major world currencies, is seen closing in on its 99.00 handle after toppling the 200-day SMA around 97.80. The breakdown in oil prices, down nearly 20%, coronavirus evolving into a global epidemic, according to the World Health Organisation
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March 13th 2020: Dollar Index Records Third Successive Gain; Explores Waters North of 98.00
- March 13, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of February witnessed EUR/USD revisit the upper limit of demand at 1.0488/1.0912 – a noteworthy area given the momentum derived from its base – and pencil in an appealing (bullish) hammer candlestick pattern. Upside
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March 12th 2020: Risk Averse Markets Ahead of ECB Decision
- March 12, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of February witnessed EUR/USD revisit the upper limit of demand at 1.0488/1.0912 – a noteworthy area given the momentum derived from its base – and pencil in an appealing (bullish) hammer candlestick pattern. Upside
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