• March 17th 2022: $1.32 Resistance Calling for Attention on GBP/USD

    March 17th 2022: $1.32 Resistance Calling for Attention on GBP/USD

    • March 16, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: The Federal Reserve took centre stage on Thursday, raising its benchmark interest rate by 25 bps for the first time since 2018, as anticipated. Albeit immediately pressuring US equity indexes, as well as elevating the US Dollar Index (USDX) and US Treasury yields, EUR/USD extended lower from the

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  • March 16th 2022: $1.09 Susceptible to a Whipsaw on EUR/USD; H1 Support in View at $1.0843-1.0878

    March 16th 2022: $1.09 Susceptible to a Whipsaw on EUR/USD; H1 Support in View at $1.0843-1.0878

    • March 15, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: US equities navigated higher on Tuesday amid plummeting oil prices. WTI engulfed $100 a barrel with Brent ‘testing the waters’ beneath the $100 threshold. The US Dollar Index (USDX) also recovered off worst levels (98.64), consequently weighing on EUR/USD from session highs at $1.1020. Channel support, extended from

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  • March 15th 2022: $1.30 Poised to Break on GBP/USD; $1.2950 Support Eyed

    March 15th 2022: $1.30 Poised to Break on GBP/USD; $1.2950 Support Eyed

    • March 14, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s shared currency flexed its financial muscle on Monday against a broadly weaker US dollar. Despite USD softness, US Treasury yields advanced across the curve as traders weighed up the prospect of the Fed raising rates on Thursday. At present, there’s a 98.3 percent probability the Fed will

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  • Black and White Technical Report

    Black and White Technical Report

    • March 13, 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 18th March 2022

    Weekly Technical Market Insight: Week Ending 18th March 2022

    • March 12, 2022

    Charts: Trading View (Italics: Previous Analysis) US Dollar Index (Daily Timeframe): Against a basket of six foreign currencies—including the euro, the Japanese yen and British pound—last week witnessed the US dollar (USDX) clock highs (99.42) not seen since May 2020 and chalk up a fifth consecutive gain (+0.6 percent). Mid-week trading witnessed channel resistance welcome

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  • March 11th 2022: EUR/USD Signalling Further Downside Under $1.10

    March 11th 2022: EUR/USD Signalling Further Downside Under $1.10

    • March 10, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: European and US equities fell sharply on Thursday, with US Treasury yields rising for a fourth consecutive session. US inflation data, although meeting consensus forecasts, accelerated higher for a sixth successive month. Consumer prices rose 7.9 percent on a year-on-year basis for February with the core year-on-year print

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  • March 10th 2022: Risk-On Setting Weighs on Safe-Haven Demand and Underpins Major Currencies

    March 10th 2022: Risk-On Setting Weighs on Safe-Haven Demand and Underpins Major Currencies

    • March 9, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Global equities soared on Wednesday, elevated on the back of sanctions from the West and talks of compromise between Russia and the Ukraine. The clear risk-on setting also observed US Treasury yields extend gains and traditional safe-haven currencies, such as the Japanese yen, Swiss franc and US dollar,

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  • March 9th 2022: EUR/USD Daily Resistance Hampering Risk-On Recovery

    March 9th 2022: EUR/USD Daily Resistance Hampering Risk-On Recovery

    • March 8, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s single currency received a ‘risk-on boost’ Tuesday, movement strongly snapping a three-day bearish phase. The US Dollar Index (USDX) rotated south and US Treasury yields rose across the curve. The amalgamation of the daily timeframe’s decision point zone at $1.0788-1.0854 (extended from May 2020), together with the

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  • March 8th 2022: Key Higher Timeframe Levels Making a Show Amid Volatile Trading

    March 8th 2022: Key Higher Timeframe Levels Making a Show Amid Volatile Trading

    • March 7, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: Traders were greeted with further euro softness on Monday against a broadly stronger US dollar. EUR/USD touched levels not seen since May 2020—note EUR/CHF also dipped under parity (1.0000) for the first time since 2015. Technically speaking, underperformance in EUR/USD is not a surprise. Recent research acknowledged the

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  • Black and White Technical Report

    Black and White Technical Report

    • March 6, 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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  • March 4th 2022: Forex Technical Outlook Ahead of NFP Data

    March 4th 2022: Forex Technical Outlook Ahead of NFP Data

    • March 3, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: The US Dollar Index (USDX) continued to flex its financial muscle on Thursday, refreshing YTD pinnacles at 97.95 and pressuring EUR/USD to its lowest space since the end of May 2020. Recognising the USDX is fast approaching weekly trendline resistance and the daily timeframe’s relative strength index (RSI)

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  • March 3rd 2022: Forex Technical Outlook

    March 3rd 2022: Forex Technical Outlook

    • March 2, 2022

    Charts: Trading View (Italics: Previous Analysis) EUR/USD: The ongoing downfall in EUR/USD had Wednesday touch levels not seen since May 2020. Many analysts forecast further underperformance, leaning to a possible test of the $1.10 psychological figure. The US Dollar Index (USDX) further flexed its financial muscle and refreshed its YTD high at 97.83. In terms

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