Technical Analysis

Technical View for June 22nd 2022: GBP/USD Indecisive Ahead of Inflation Data
- June 21, 2022
Charts: Trading View (Italics: Previous Analysis) EUR/USD: Major US equity indexes witnessed an enthusiastic open, following Monday’s closure in observance of Juneteenth National Independence Day. This weighed on safe-haven assets, including the US dollar, which underpinned a EUR/USD bid. In terms of economic data for the greenback, US existing home sales took the spotlight in
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Technical View for June 21st 2022: $1.05 Echoing Potential Weakness on EUR/USD; $1.04 Eyed
- June 20, 2022
Charts: Trading View (Italics: Previous Analysis) EUR/USD: As US banks remain closed in observance of Juneteenth National Independence Day, Europe’s shared currency welcomed a modest bid against its US counterpart on Monday. European Central Bank President Christine Lagarde, however, was on the microphone restating that the European Central Bank (ECB) intends to increase rates by
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Black and White Technical Report
- June 19, 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 24th June 2022
- June 18, 2022
Charts: Trading View (Italics: Previous Analysis) US Dollar Index (Daily Timeframe): The US dollar—measured by the US Dollar Index—extended recovery gains last week, adding 0.4 per cent and touching a high of 105.79, values not visited since 2002. Consequently, the decision point from 105.61-104.87 came under attack and had its upper boundary probed as a
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FP Markets Market Review
- June 17, 2022
ECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.
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Technical View for June 17th 2022: EUR, AUD, and GBP Pairs Welcome Bullish Tone as USD Softens
- June 16, 2022
Charts: Trading View (Italics: Previous Analysis) EUR/USD: European and U.S. equity indexes fell sharply on Thursday as central banks around the world hike rates in attempt to combat rising inflation. Less-than-stellar U.S. economic data and hawkish ECB commentary underpinned the EUR/USD in recent trading, rallying 1.2 per cent. From a technical perspective, although the currency
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Technical View Ahead of FOMC for June 15th 2022
- June 14, 2022
Charts: Trading View (Italics: Previous Analysis) EUR/USD: Primary Trend: bearish since early 2021 Tuesday witnessed Europe’s shared currency finish off best levels against its U.S. counterpart, following three back-to-back daily bearish candles. As the U.S. Dollar Index refreshes multi-decade pinnacles, the longer-term outlook on EUR/USD remains unchanged: In conjunction with a clear primary bear trend,
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Technical View for June 14th 2022: USD Hitting Fresh Highs as Stocks Plunge
- June 13, 2022
Charts: Trading View (Italics: Previous Analysis) EUR/USD: Primary Trend: bearish since early 2021 In conjunction with a clear primary bear trend, longer-term technical studies demonstrate scope to navigate deeper waters. Following weekly price rejecting Quasimodo support-turned resistance at $1.0778, and daily price engulfing $1.0638 support (now resistance), 2nd January low at $1.0340 (2017), along with
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Technical View Ahead of Today’s U.S. Inflation Release (10th June 2022)
- June 9, 2022
Charts: Trading View (Italics: Previous Analysis) EUR/USD: Primary Trend: bearish since early 2021 Hopes of rebounding from support at $1.0638 are swiftly slipping away on the daily timeframe, leaving the ascending support-turned resistance unchallenged, drawn from the low $1.0340. In line with the primary bear trend, sellers are responding from weekly Quasimodo support-turned resistance at
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Technical View Ahead of the ECB Decision (June 9th 2022)
- June 8, 2022
Charts: Trading View (Italics: Previous Analysis) EUR/USD: Primary Trend: bearish since early 2021 Although price action on the daily timeframe portends an extension to the recent recovery off support at $1.0638—targeting the ascending support-turned resistance, drawn from the low $1.0340—weekly price is shaking hands with the lower side of a heavy-duty weekly Quasimodo support-turned resistance
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Technical View for June 8th 2022: USD/JPY Eyes ¥133.45
- June 7, 2022
Charts: Trading View (Italics: Previous Analysis) EUR/USD: Although finishing the session muted, EUR/USD displayed interesting price action on Tuesday. A meaningful ‘stop-run’ formed beneath $1.07 and shook hands with neighbouring H1 support between $1.0650 and $1.0671 (composed of 1.618% and 1.272% Fibonacci projections). Current movement is attempting to reclaim $1.07+ status, a move that could
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Technical View for June 7th 2022: Gold Threatening to Nudge Beneath 200-Day SMA
- June 6, 2022
Charts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s shared currency remains rooted within a primary bear trend (weekly scale), in addition to price shaking hands with the lower side of a heavy-duty weekly Quasimodo support-turned resistance at $1.0778. 2nd January low at $1.0340 (2017) appears a reasonable downside objective should sellers take the wheel. While
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