• Black and White Technical Report: The Week Beginning 17/02/2020

    Black and White Technical Report: The Week Beginning 17/02/2020

    • February 16, 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: 17th – 21st February 2020

    Weekly Technical Market Insight: 17th – 21st February 2020

    • February 15, 2020

    US Dollar Index: The US dollar index, or ‘DXY’, a measure of the value of the USD relative to a basket of foreign currencies, climbed nine out of ten days. After retesting the 200-day SMA (97.76) and a supply-turned demand zone at 97.35/97.85, the index retained a strong underlying bid, toppling a familiar supply area

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  • February 14th 2020: Dollar Continues To Flex Its Financial Muscle, Breaking 99.00

    February 14th 2020: Dollar Continues To Flex Its Financial Muscle, Breaking 99.00

    • February 14, 2020

    EUR/USD: Monthly timeframe: Brought forward from previous analysis: Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038). Downside risk remains on this timeframe until connecting with

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  • February 13th 2020: Dollar Index Conquers 99.00, Resuming its Upside Trajectory.

    February 13th 2020: Dollar Index Conquers 99.00, Resuming its Upside Trajectory.

    • February 13, 2020

    EUR/USD: Monthly timeframe: Brought forward from previous analysis: Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038). Downside risk remains on this timeframe until connecting with

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  • February 12th 2020: Dollar Index Snaps Five-Day Bullish Phase South of 99.00.

    February 12th 2020: Dollar Index Snaps Five-Day Bullish Phase South of 99.00.

    • February 12, 2020

    EUR/USD: Monthly timeframe: Brought forward from previous analysis: Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038). Downside risk remains on this timeframe until connecting with

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  • Black and White Technical Report: The Week Beginning 09/02/2020

    Black and White Technical Report: The Week Beginning 09/02/2020

    • February 9, 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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  • Black and White Technical Report: The Week Beginning 03/02/2020

    Black and White Technical Report: The Week Beginning 03/02/2020

    • February 3, 2020

    Australian 200 index – Weekly
    The WEEKLY chart of the XJO remains in a Primary UPTREND. With the week closing at 7017 points, this level remains vulnerable to a further breakdown. Further weakness would look for 6893 as Major support to be tested. The current small range weekly bars indicate a lack of sellers, however this will change.

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  • Black and White Technical Report: The Week Beginning 27/01/2020

    Black and White Technical Report: The Week Beginning 27/01/2020

    • January 27, 2020

    Australian 200 index – Weekly
    The WEEKLY chart of the XJO remains in a Primary UPTREND. A short range week showing a loss of upward momentum. Traders would look for the 7000 level to hold. A further break down would target 6893 as a retest of the initial breakout from the ascending pattern.

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  • FP Markets Black and White The Week Beginning 20/01/2020

    FP Markets Black and White The Week Beginning 20/01/2020

    • January 20, 2020

    Australian 200 index – Weekly
    The WEEKLY chart of the XJO remains in a Primary UPTREND. With a solid breakout and follow through, 7300 remains as the extension target. Long periods of consolidation often lead to extended price breakouts, look for the Financials to continue to lift the Index higher. RSI remains over the key 50 level and turning higher, confirmation of increasing price momentum.

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  • Black and White Technical Report: The Week Beginning 13/01/2020

    Black and White Technical Report: The Week Beginning 13/01/2020

    • January 13, 2020

    Australian 200 index – Weekly
    The WEEKLY chart of the XJO remains in a Primary UPTREND. Current weekly chart displays a solid breakout from the ascending pattern, a further price extension to 7300 is achievable. Financials remain the driver for further Index gain.

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  • Black and White Technical Report: The Week Beginning 06/01/2020

    Black and White Technical Report: The Week Beginning 06/01/2020

    • January 6, 2020

    Australian 200 index – Weekly The WEEKLY chart of the XJO remains in a Primary UPTREND. The ascending pattern continues to consolidate Below the 6893 closing high from November. Last weeks OP is a bearish signal. The support level of 6630 remains to be tested in the coming weeks.

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  • Aussie Drops against the USD on Positive NFP Data 09/12/19

    Aussie Drops against the USD on Positive NFP Data 09/12/19

    • December 9, 2019

    Australian dollar The Australian dollar declined against the USD on Friday as the market reacted to positive US jobs numbers. Data from the Bureau of Labour Statistics (BLS) showed that the economy added more than 266k jobs. These numbers were boosted by the end of the General Motors strike. The market had low expectations on

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