Technical Analysis

December 1st 2020: DXY Higher on Month-End Flows; 92.00 Eyed
- November 30, 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. Though this argues additional upside may be
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Black and White Technical Report: The Week Beginning 30/11/2020
- November 29, 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: 30th November – 4th December 2020
- November 29, 2020
US Dollar Index: Shedding more than 0.6 percent, the US dollar, as measured by the US dollar index (DXY), unsurprisingly carved out a second successive losing week and renewed monthly lows. Feeble attempts at recovery off daily support from 92.26 throughout November demonstrated a lack of co-operation from buyers, ultimately allowing sellers to dethrone support
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November 27th 2020: Holiday-Thinned Trading Leaves DXY Moderately off Monthly Lows
- November 26, 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, buyers and sellers have since gone toe-to-toe around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
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November 26th 2020: Dollar Bulls on the Backfoot Ahead of Thanksgiving
- November 26, 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, buyers and sellers have since gone toe-to-toe around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
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November 25th 2020: Upbeat Risk Sentiment Weighs on Greenback; DXY Below Daily Support at 92.26
- November 24, 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, buyers and sellers have since gone toe-to-toe around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
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November 24th 2020: DXY Balancing off Daily Support at 92.26 on Upbeat PMIs
- November 24, 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, buyers and sellers have since gone toe-to-toe around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
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Black and White Technical Report: The Week Beginning 23/11/2020
- November 22, 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: 23rd – 27th November 2020
- November 22, 2020
US Dollar Index: Buyers and sellers, as you can see, spent the best part of the week squaring off around daily support at 92.26, an active level since May 2018. The feeble recovery off this level earlier in the month, braced by daily channel support (0.9247), signals a lack of commitment from buyers. Although suggesting
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November 20th 2020: Bids Fragile at DXY Support from 92.26
- November 19, 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, buyers and sellers have since squared off around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
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November 19th 2020: DXY off Lows at Daily Support from 92.26
- November 18, 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, buyers and sellers have since squared off around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
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November 18th 2020: Fourth Consecutive Bearish Close for DXY Underlines Daily support at 92.26
- November 17, 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, buyers and sellers have since squared off around the upper section of supply from 1.1857/1.1352. Though this argues additional upside may be on the horizon, targeting
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