• Black and White Technical Report 31/10/2022

    Black and White Technical Report 31/10/2022

    • November 7, 2022

    XJO WEEKLY Price structure: The “midpoint” support level of 6620 remains in play  with resistance of 6930 the immediate go to point for further gains. A close over this level and the Daily resistance of 7130 would be very bullish for further gains. To build a primary UP trend a move over the 7200 level

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  • Technical View for 4th November as Markets Turn Attention Towards NFP

    Technical View for 4th November as Markets Turn Attention Towards NFP

    • November 3, 2022

    Charts: Trading View EUR/USD: Thursday saw EUR/USD wrap up another session on the ropes, recording a fourth successive daily loss. This is unlikely to surprise technical traders who adopt basic trend and support/resistance studies across timeframes. The weekly timeframe has exhibited a dominant downside bias since 2021 and support at $0.9606, albeit welcoming buyers in

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  • 3rd November: Fed Increases Federal Funds Rate to 3.75%-4.00%; Attention Now Shifts to BoE

    3rd November: Fed Increases Federal Funds Rate to 3.75%-4.00%; Attention Now Shifts to BoE

    • November 2, 2022

    Charts: Trading View US payrolls rose by 239,000 in October, according to Wednesday’s report out of the Automatic Data Processing firm (ADP), beating economists’ estimates for a 178,000 increase. The main highlight of the day, however, was the Fed delivering its fourth consecutive 75-basis point rate hike. This hauled the Federal Funds Rate to a

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  • Technical View for 2nd November: All Eyes on the FOMC as Markets Anticipate Another 75bps Hike

    Technical View for 2nd November: All Eyes on the FOMC as Markets Anticipate Another 75bps Hike

    • November 1, 2022

    Charts: Trading View EUR/USD: It was a tough day for the shared currency on Tuesday, concluding the session off best levels against its US counterpart. The EUR/USD, down a second consecutive day, is consequently testing the spirit of a trendline resistance-turned support on the daily timeframe, extended from the high of $1.1495. This follows last

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  • Technical View for 27th October: ECB Rate Decision Eyed

    Technical View for 27th October: ECB Rate Decision Eyed

    • October 26, 2022

    Charts: Trading View EUR/USD: Up 2.2% on the week, Europe’s single currency has been powering higher against its US counterpart, adding more than 1.0% on Wednesday and reclaiming territory north of parity ($1.00). As we can see from the H1 chart, price engulfed parity to the upside and subsequently retested the level as support heading

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  • Black and White Technical Report 24/10/2022

    Black and White Technical Report 24/10/2022

    • October 24, 2022

    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: Week Ending 28th October 2022

    Weekly Technical Market Insight: Week Ending 28th October 2022

    • October 22, 2022

    Charts: Trading View US Dollar Index: According to the US Dollar Index, the US dollar wrapped up the week on the ropes, shedding more than 1.0%. Month over month, however, the buck trades 0.3% lower, poised to snap a four-month bullish phase, shaped by way of a monthly long-legged doji indecision candle. Overall, the technical

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  • Technical View for 21st October

    Technical View for 21st October

    • October 20, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: $0.98 has clearly delivered challenging trading conditions on the short-term H1 timeframe in previous sessions. Wednesday witnessed price dip a toe south of the figure, though, as you can see, swiftly proved to be a ‘bear trap’. Thursday consequently reclaimed the big figure mid-way through London and subsequently

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  • Technical View for 19th October: UK, Eurozone and Canada Inflation Eyed

    Technical View for 19th October: UK, Eurozone and Canada Inflation Eyed

    • October 18, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: EUR/USD buyers failed to extend Monday’s enthusiasm on Tuesday, ending European trading considerably off best levels. Tuesday’s action, evident from the H1 timeframe, is consequently enclosed with what’s referred to as a broadening pattern (low: $0.9835 high: $0.9852). This is not a particularly common pattern; risk and reward

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  • Technical View for 18th October

    Technical View for 18th October

    • October 17, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Monday was a rough session for the greenback; the US dollar index shed more than 1.0% amid upbeat risk sentiment. Consequently, Europe’s single currency welcomed a healthy bid on the back of the dollar’s decline. Downbeat US data also added to EUR/USD strength; general business conditions in the

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  • Black and White Technical Report 17/10/2022

    Black and White Technical Report 17/10/2022

    • October 17, 2022

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

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  • Technical View for 14th October

    Technical View for 14th October

    • October 13, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Consumer prices in the US accelerated to the upside. Year on year annual inflation in September rose 8.2%, versus a market consensus print of 8.1%. Core year-on-year annual inflation, which excludes food and energy, also recorded a 6.6% reading, versus expectations of a 6.5% increase. The aftermath of

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