• May 3rd 2022: Sterling Echoing Soft Tone South of $1.25

    May 3rd 2022: Sterling Echoing Soft Tone South of $1.25

    • May 2, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Following a dismal week of trading for Europe’s common currency (down 2.4 per cent), EUR/USD eked out modest losses on Monday. Over the course of last week, the currency pair navigated through the pandemic low of $1.0638 (March 2020) to a multi-year low of $1.0471. In light of

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  • Black and White Technical Report

    Black and White Technical Report

    • May 1, 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 6th May 2022

    Weekly Technical Market Insight: Week Ending 6th May 2022

    • April 30, 2022

    Charts: Trading View (Italics: Previous Analysis) US Dollar Index (Daily Timeframe): Unpacking a fourth consecutive week in positive territory, the US Dollar Index (USDX) added 5.0 percent in the month of April, its largest monthly gain since early 2015. The impressive run also elevated the buck to a high of 103.93 last week, levels not

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  • April 29th 2022: USD/JPY Eyes Higher Levels Following Bullish Flag Pattern

    April 29th 2022: USD/JPY Eyes Higher Levels Following Bullish Flag Pattern

    • April 28, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Despite the US economy shrinking at an annual rate of 1.4 per cent in the first quarter of 2022, Europe’s common currency remained on the ropes against its US counterpart on Thursday. Pencilling in a sixth successive bearish session, EUR/USD has erased 2.6 per cent, week to date.

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  • April 28th 2022: GBP/USD Shines Light on $1.26 as Potential Resistance

    April 28th 2022: GBP/USD Shines Light on $1.26 as Potential Resistance

    • April 27, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Measuring the value of the US dollar against a basket of six international currencies, the US Dollar Index (USDX) touched a high of 103.28 on Wednesday, its highest top since early 2017. USD upside has left a considerable dent in Europe’s shared currency; week to date, EUR/USD is

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  • April 27th 2022: EUR/USD on the Doorstep of Pandemic Lows

    April 27th 2022: EUR/USD on the Doorstep of Pandemic Lows

    • April 26, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s single currency maintained a bearish narrative against its US counterpart on Tuesday, falling around 0.5 per cent heading into the European close. Week to date, EUR/USD is lower by 1.2 per cent and on the brink of submerging Quasimodo support at $1.0778 and channel support on the

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  • Black and White Technical Report

    Black and White Technical Report

    • April 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 29th April 2022

    Weekly Technical Market Insight: Week Ending 29th April 2022

    • April 23, 2022

    Charts: Trading View (Italics: Previous Analysis) US Dollar Index (Daily Timeframe): Sealing its third consecutive week in positive terrain, the US Dollar Index (USDX) added 0.6 per cent and refreshed year-to-date highs of 101.33. The tail end of the week welcomed healthy buying following a retest of the widely watched 100.00 base, aided by channel

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  • April 22nd 2022: Widely Watched $1.30 Likely Targeted on GBP/USD

    April 22nd 2022: Widely Watched $1.30 Likely Targeted on GBP/USD

    • April 21, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: A bearish narrative fell across US equities on Thursday amidst rising US Treasury yields. Against a basket of six major currencies, the US Dollar Index (USDX) also welcomed a bullish phase, reclaiming a portion of recent USD downside and weighing on Europe’s shared currency. EUR/USD, technically speaking, has

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  • April 21st 2022: H1 Prime Resistance at $1.0906-1.0892 Potentially Targeted on EUR/USD

    April 21st 2022: H1 Prime Resistance at $1.0906-1.0892 Potentially Targeted on EUR/USD

    • April 20, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Hawkish ECB commentary and a broadly softer USD underpinned EUR/USD on Wednesday. This—coupled with the ‘technical lift’ from weekly support—observed a 0.5 per cent advance. Although the currency pair has been stepping lower since the beginning of 2021, Quasimodo support at $1.0778, complemented by channel support (extended from

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  • Black and White Technical Report 18/04/2022

    Black and White Technical Report 18/04/2022

    • April 18, 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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  • April 14th 2022: $1.0990-1.0963 Eyed on EUR/USD as Potential Resistance

    April 14th 2022: $1.0990-1.0963 Eyed on EUR/USD as Potential Resistance

    • April 13, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s single currency advanced against its US counterpart on Wednesday, snapping a two-day losing streak and adding 0.5 percent at the close of European trading. Global equities were largely bullish and US government debt continued to rally, consequently sending yields southbound. The 2-year yield extended declines to a

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