• August 6th 2020: DXY Eyes Fresh YTD Lows

    August 6th 2020: DXY Eyes Fresh YTD Lows

    • August 5, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The euro punched out a third successive monthly gain against the US dollar in July, adding nearly 5 percent. The move toppled long-term trendline resistance (1.6038) and made contact with the upper border of supply from

    READ MORE
  • August 5th 2020: Dollar Claims Lower Levels as Equities Explore Higher Terrain

    August 5th 2020: Dollar Claims Lower Levels as Equities Explore Higher Terrain

    • August 5, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The euro punched out a third successive monthly gain against the US dollar in July, adding nearly 5 percent. The move toppled long-term trendline resistance (1.6038) and made contact with the upper border of supply from

    READ MORE
  • August 4th 2020: DXY Finishes off Best Levels Ahead South of 94.00, Unchanged by the Close

    August 4th 2020: DXY Finishes off Best Levels Ahead South of 94.00, Unchanged by the Close

    • August 3, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The euro punched out a third successive monthly gain against the US dollar in July, adding nearly 5 percent. The move toppled long-term trendline resistance (1.6038) and made contact with the upper border of supply from

    READ MORE
  • Weekly Technical Market Insight: 3rd – 7th August 2020

    Weekly Technical Market Insight: 3rd – 7th August 2020

    • August 2, 2020

    US Dollar Index: The US dollar index, measured by factoring in the exchange rates of six major world currencies, relinquished additional ground last week, dropping nearly 1 percent and processing a sixth successive weekly decline.  Early week, as you can see, had technical movement dethrone a daily bearish pennant (98.27/100.93) take-profit target at 93.97 (yellow).

    READ MORE
  • Black and White Technical Report: The Week Beginning 03/08/2020

    Black and White Technical Report: The Week Beginning 03/08/2020

    • August 2, 2020

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

    READ MORE
  • July 31st 2020: DXY Continues to Explore Lower Terrain Despite Risk-Off

    July 31st 2020: DXY Continues to Explore Lower Terrain Despite Risk-Off

    • July 30, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of May, as you can see, recovered off worst levels out of demand from 1.0488/1.0912 and closed firm. This prompted an extension in June to highs at 1.1422, adding 1.2% despite also running into

    READ MORE
  • July 30th 2020: Greenback Resumes Downside Accompanied by Upside in US Equities

    July 30th 2020: Greenback Resumes Downside Accompanied by Upside in US Equities

    • July 29, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of May, as you can see, recovered off worst levels out of demand from 1.0488/1.0912 and closed firm. This prompted an extension in June to highs at 1.1422, adding 1.2% despite also running into

    READ MORE
  • July 29th 2020: DXY Comeback Snaps 7-Day Losing Streak Though Fails to Grip 94.00

    July 29th 2020: DXY Comeback Snaps 7-Day Losing Streak Though Fails to Grip 94.00

    • July 28, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of May, as you can see, recovered off worst levels out of demand from 1.0488/1.0912 and closed firm. This prompted an extension in June to highs at 1.1422, adding 1.2% despite also running into

    READ MORE
  • July 28th 2020: DXY Records 7th Successive Daily Loss and Shattered 94.00

    July 28th 2020: DXY Records 7th Successive Daily Loss and Shattered 94.00

    • July 27, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of May, as you can see, recovered off worst levels out of demand from 1.0488/1.0912 and closed firm. This prompted an extension in June to highs at 1.1422, adding 1.2% despite also running into

    READ MORE
  • Black and White Technical Report: The Week Beginning 27/07/2020

    Black and White Technical Report: The Week Beginning 27/07/2020

    • July 26, 2020

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

    READ MORE
  • Weekly Technical Market Insight: 27th – 31st July 2020

    Weekly Technical Market Insight: 27th – 31st July 2020

    • July 26, 2020

    US Dollar Index: Cementing a strong bearing underneath support at 95.84 in early trade, the US dollar index, a measure of the USD’s value against a weighted basket of foreign currencies, logged a fifth successive bearish close last week and erased 1.7%. With 95.84 potentially now a distant memory, 93.97 takes centre stage this week,

    READ MORE
  • July 24th 2020: Single Currency Gripping 1.16 Ahead of Eurozone Manufacturing Data

    July 24th 2020: Single Currency Gripping 1.16 Ahead of Eurozone Manufacturing Data

    • July 23, 2020

    EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of May, as you can see, recovered off worst levels out of demand from 1.0488/1.0912 and closed firm. This prompted an extension in June to highs at 1.1422, adding 1.2% despite also running into

    READ MORE