Technical Analysis

Black and White Technical Report: The Week Beginning 14/12/2020
- December 13, 2020
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: 14th – 18th December 2020
- December 13, 2020
US Dollar Index: Measured by the US dollar index (DXY), the USD tentatively snapped a three-week losing streak over the course of recent trading. Despite this, technical elements argue buyers may be reluctant to commit this week. Besides 91.00 proving stubborn resistance, additional 8-month daily trendline resistance (102.99) occupies the 91.25 area. Down south, focus
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December 11th 2020: Sterling Lower Amidst No-Deal Possibility
- December 11, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, and subsequent break of supply from 1.1857/1.1352 in August, a modest correction surfaced. However, with buyers making an entrance in November and December trading higher by
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December 10th 2020: Dollar Index Reclaims 91.00 on Risk Aversion
- December 9, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, and subsequent break of supply from 1.1857/1.1352 in August, a modest correction surfaced. However, with buyers making an entrance in November and December trading higher by
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December 9th 2020: Cable Swinging Amid Brexit Headlines; Dollar Contained South of 91.00
- December 9, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, and subsequent break of supply from 1.1857/1.1352 in August, a modest correction surfaced. However, with buyers making an entrance in November and December trading higher by
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December 8th 2020: DXY off Best Levels Around 91.00
- December 8, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, and subsequent break of supply from 1.1857/1.1352 in August, a modest correction surfaced. However, with buyers making an entrance in November and December trading higher by
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Black and White Technical Report: The Week Beginning 7/12/2020
- December 6, 2020
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: 7th – 11th December 2020
- December 6, 2020
US Dollar Index: The US dollar, measured by the US dollar index (DXY), remained depressed last week, down 1.2 percent at the close of trade. Squeezing out a third successive weekly loss, technical elements reveal price action toppled daily support at 90.99 and renewed year-to-date troughs, levels not seen since 2018. Closing Friday by way
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December 4th 2020: EUR. AUD and GBP Test Fresh YTD Highs Ahead of NFP
- December 4, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, and subsequent break of supply from 1.1857/1.1352 in August, buyers made an entrance in November, up by 2.4 percent. December trading higher by a healthy 1.9
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US Employment Data in Focus – November
- December 3, 2020
Release: Friday at 13.30pm GMT As we head into the close of an undeniably tumultuous 2020, Friday gifts traders with November’s US non-farm payrolls report. The COVID-19 pandemic continues to influence the world and the financial markets, recently reporting an eye-popping 64 million global cases, according to Johns Hopkins University, a US private research institute
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December 3rd 2020: Brexit Issues Weigh on GBP/USD; Technicals Also Point to Lower Levels
- December 3, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, and subsequent break of supply from 1.1857/1.1352 in August, buyers made an entrance in November, up by 2.4 percent. With December trading higher by a healthy
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December 2nd 2020: Euro Strikes Fresh YTD Peaks as DXY Tunnels Through 91.50
- December 1, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) Following the break of long-term trendline resistance (1.6038) in July, and subsequent break of supply from 1.1857/1.1352 in August, buyers made an entrance in November, up by 2.5 percent. With December trading higher by 1.3 percent,
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